Apple Stock Has 27% Upside, According to 1 Wall Street Analyst
And the hits to Apple (NASDAQ: AAPL) stock just keep on coming. On Monday, investment bank Morgan Stanley was the latest to warn that all is not well in Cupertino.
Cutting Apple stock's price target from $220 to $210, Morgan Stanley analyst Erik Woodring predicted that when the company reports second-quarter earnings next week, it will beat expectations for both sales and earnings. That's the good news. The bad news is that Apple will probably guide 4% below Wall Street predictions.
And that could cause a sell-off.
Source Fool.com
Apple Inc. Stock
€170.10
5.330%
Our community is currently high on Apple Inc. with 83 Buy predictions and 6 Sell predictions.
As a result the target price of 199 € shows a slightly positive potential of 16.99% compared to the current price of 170.1 € for Apple Inc..
