Apple Stock Has 35% Upside, According to 1 Wall Street Analyst
Shares of (NASDAQ: AAPL) are down 13% year to date. The company is facing several headwinds right now, including weak iPhone sales in China and increased regulatory scrutiny in the U.S. and Europe.
Despite these headwinds, Wells Fargo has an overweight (buy) rating on the shares with a $225 price target. That's 35% higher than Apple's current share price of $166.90.
In the company's fiscal 2024 first quarter (ended Dec. 30, 2023), iPhone sales grew in every region except China. But analysts expect Apple to report a 5% year-over-year decline in revenue for the fiscal second quarter.
Source Fool.com
Apple Inc. Stock
€170.10
5.330%
Our community is currently high on Apple Inc. with 84 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..
