1 Wall Street Analyst Thinks Apple Is Going to $254. Is It a Buy Around $200?
Apple (NASDAQ: AAPL) is one of the most dominant companies in the world, and the world's most valuable brand, according to several research outlets.However, the company is far from immune from the current turbulence around tariffs and the broader macroeconomic headwinds. Much of Apple's components come from China, and the company was granted a tariff exemption by President Donald Trump. However, China is also a major consumer market for the company, and a weakening Chinese economy or backlash against U.S. brands there could also have negative implications for its business.With the company set to report fiscal second-quarter earnings next Thursday, Apple stock could be at a pivotal moment as the stock has been exceptionally volatile in recent weeks. Ahead of that report, one Wall Street analyst weighed in on the stock, seeing better times ahead.Continue reading
Apple (NASDAQ: AAPL) is one of the most dominant companies in the world, and the world's most valuable brand, according to several research outlets.
However, the company is far from immune from the current turbulence around tariffs and the broader macroeconomic headwinds. Much of Apple's components come from China, and the company was granted a tariff exemption by President Donald Trump. However, China is also a major consumer market for the company, and a weakening Chinese economy or backlash against U.S. brands there could also have negative implications for its business.
With the company set to report fiscal second-quarter earnings next Thursday, Apple stock could be at a pivotal moment as the stock has been exceptionally volatile in recent weeks. Ahead of that report, one Wall Street analyst weighed in on the stock, seeing better times ahead.
