Apple stock has potential upside with bullish AI predictions despite regulatory issues and declining revenue.

From Nasdaq: 2024-04-11 09:35:52

Apple ($AAPL) has a market cap of $2.6 trillion, with stock returns of 705% in 10 years. However, recent underperformance is attributed to regulatory issues and slowing iPhone sales in China. Analysts predict a 4.5% decline in Q2 revenue to $90.6 billion. Evercore is bullish on Apple’s AI potential, setting a target price of $220. Services business is seen as a key revenue driver for Apple. Consensus target price for AAPL stock is $205.42, indicating over 22% upside potential. Visit barchart.com for more information.



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