As another week came to an end, Wall Street continued to offer its insights on Apple stock. From the Apple Car to the iPhone to the buy-on-weakness opportunity, analysts published several interesting reports on the Cupertino company.
The Apple Maven reviews some of the most interesting expert takes below.
Still bullish on Apple stock
Overall, Wall Street continues to be bullish on Apple. Not much has changed since I last looked at the analyst rating and price target distribution: strong buy recommendation, target of around $148 per share. Because Apple stock has been spinning its wheels lately, the price gap to target has increased.
Check out the table below:
Hot takes of the week
One of the most attention-grabbing reports came from “the bull of bulls”, Wedbush’s Dan Ives. The analyst believes that Apple stock can nearly double in the foreseeable future, as it