From Barchart: 2024-04-09 16:37:20

Apple stock (NASDAQ: AAPL) is down 12% in 2024, partly due to the company’s late entry into the AI game. Concerns about weakening demand in China are also affecting share prices.

Analyst Daniel Ives believes Apple is still a buy, predicting a 47% increase in stock price over the next 52 weeks. However, with 1.5 billion iPhones already in use globally, some doubt the company’s growth potential.

Despite Ives’ optimism, there are concerns about Apple’s future growth and its high valuation. The Stock Advisor team at Motley Fool does not include Apple among their 10 best stock picks, suggesting other options for investors.

Alphabet and Apple face challenges in the market, with Apple’s China woes impacting stock prices. Analysts have mixed opinions on Apple’s growth potential and whether it’s a good investment choice in the current market.



Read more at Barchart: Apple Stock Has 47% Upside, According to 1 Wall Street Analyst