Is This "Magnificent Seven" Stock a Good Contrarian Buy?
Can a company with a market cap of over $2.5 trillion ever be considered an underdog? Perhaps not, but compared to most of its "Magnificent Seven" peers, tech giant Apple (NASDAQ: AAPL) looks like one.
The iPhone maker hasn't performed well this year, with its shares down by 9% since January. It is lagging behind all the other members of the Magnificent Seven, except Tesla. Apple is facing various issues scaring away some investors, but if it can navigate through them, it could still deliver outsized returns in the long run. Is it worth it to buy shares of Apple today?
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..
