Shares of Apple (NASDAQ: AAPL) could hit $240, according to bullish analysts on the stock. Today, it trades at $190. Apple’s all-time high is just below $200. According to Tip Ranks, 33 analysts have posted ratings on Apple in the last three months. Apple is still the world’s greatest stock.
Some investors are anxious about Apple. Its most recent earnings were not spectacular. In the most recently reported quarter, revenue dropped 1% to $89.5 billion. EPS was up 13% to $1.46.
Last Edit: Nov 27, 2023 13:05:22 GMT -8 by CdnPhoto
(Bloomberg) -- Stocks looked poised to pull back after hitting overbought levels in a rally that sent the market toward one of its biggest meltups over the last 100 years.
“The technical backdrop in the stock market right now is critically important,” said Matt Maley, chief market strategist at Miller Tabak + Co. “This does not mean that we’re about to see an important top in the stock market. It could just mean that we’ll see a mild pullback or even a ‘sideways’ correction at some point in the next week or two to work off this overbought condition.”
Predictions of a record high for the S&P 500 next year are intensifying, with Deutsche Bank Group AG strategists led by Binky Chadha expecting the benchmark to hit 5,100 by the end of 2024 — implying gains of about 12% from current levels — against a backdrop of cooling inflation and a rebound in corporate earnings.
“Despite above-trend growth, core inflation has fallen,” the strategists wrote in a note. “Continued declines would return inflation to its pre-pandemic range without requiring slower growth.” Moreover, given that any recession “is widely anticipated and expected to be mild and short, we see only a modest short-lived selloff.”
"It's tough to make predictions, especially about the future." Yogi Berra
"You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in the future." Steve Jobs
SomeJuan: M1X... 16 cores of CPU, 16 cores of GPU, 4nm TSM fab, katy bar the door...
Jan 16, 2021 6:45:11 GMT -8
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 9:48:32 GMT -8
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 11:42:52 GMT -8
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 12:25:17 GMT -8
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 12:32:18 GMT -8
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 17:09:43 GMT -8
*
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 11:54:46 GMT -8
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 8:12:53 GMT -8