From Nasdaq: 2024-04-26 09:05:20

Apple (AAPL) became the first company to reach market caps of $1 trillion, $2 trillion, and $3 trillion. The stock is down nearly 15% from its 52-week high due to challenges in China, antitrust issues, and innovation concerns. Analysts from Morgan Stanley believe it’s a good time to accumulate Apple stock.
Despite recent challenges, Apple delivered solid fiscal Q1 results, surpassing revenue and earnings estimates. With a dividend yield of 0.58% and room for growth in dividends, it remains a strong investment option. The company also shows great potential in AI, with acquisitions of AI startups and an upcoming announcement at WWDC.
Apple is focusing on growing its sales in India by leveraging the country’s fastest-growing major economy. The premium smartphone segment in India, where Apple operates, is seeing rapid growth. With positive growth trends in its company-owned stores and the market, Apple’s focus on India is likely to be rewarding.
Analysts are cautiously optimistic about AAPL stock, with a “Moderate Buy” rating and a mean target price of $204.88, indicating a potential upside of about 20.6% from current levels. With 16 “Strong Buy” ratings out of 28 analysts, the consensus remains positive on Apple’s stock.



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