Apple Stock: Headed to $220?
Despite already rising more than 50% this year, one analyst thinks shares of (NASDAQ: AAPL) have plenty of upside remaining over the next 12 months. More specifically, Piper Sandler analyst Harsh Kumar thinks the stock can get to $220 during this period. This price target would translate to about 12% upside for the stock, on top of an already impressive gain since Jan. 1.
Is Apple stock really a good buy today, despite its staggering first seven months of 2023? Let's look closer at why Kumar is so upbeat about Apple shares to see if he's onto something.
In a note to investors this week, Kumar said that he is raising his 12-month price target on Apple stock from $180 to $220. Supporting his view, he believes iPhone sales in China could be notable for the tech company's fiscal third quarter, which Apple will report results for on Thursday.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 100 Buy predictions and 13 Sell predictions.
As a result the target price of 206 € shows a slightly positive potential of 1.25% compared to the current price of 203.45 € for Apple Inc..
