It's Time to Sell Apple Stock. Here's Why.
While many people still own Apple (NASDAQ: AAPL) stock, I think it's time to let it go. The stock has been a stellar performer over the past decade, but all of its recent gains have been due to investors bidding up the stock, rather than actual business performance.
Apple produced some very lackluster quarters for the past three years, and there's no indication of any growth on the horizon. As a result, it's only a matter of time before the market corrects itself and sends Apple to a more reasonable price level.
Apple needs no introduction. It's one of the most popular tech brands globally, but especially in the U.S. The product ecosystem it built is second to none and captured many users.
Source Fool.com
Apple Inc. Stock
€263.90
-0.080%
Our community is currently high on Apple Inc. with 74 Buy predictions and 7 Sell predictions.
As a result the target price of 280 € shows a slightly positive potential of 6.1% compared to the current price of 263.9 € for Apple Inc..
