Where Will Apple Stock Be in 1 Year?
The past year has been an underwhelming one for (NASDAQ: AAPL) investors, as shares of the technology giant have appreciated only 13% as compared to the Nasdaq-100 Technology Sector index's gains of 24% during the same period. However, a closer look at the recent stock-price action indicates that the tech giant is regaining its mojo.
Apple stock has jumped 33% in the past three months. This impressive rally can be attributed to Apple's long-awaited move into artificial intelligence (AI), as well as a turnaround in the smartphone market's fortunes. However, will these two catalysts be enough to help Apple stock sustain its recent rally and deliver healthy gains over the next year?
Let's find out.
Source Fool.com
Apple Inc. Stock
€265.90
-0.240%
Currently there is a rather positive sentiment for Apple Inc. with 75 Buy predictions and 7 Sell predictions.
With a target price of 280 € there is a slightly positive potential of 5.3% for Apple Inc. compared to the current price of 265.9 €.
