From Nasdaq: 2024-04-12 09:44:12

Apple is facing growth concerns as it abandons plans for an electric car and struggles with iPhone sales in China. Share prices have dropped about $20 from recent highs. Analysts are divided on whether Apple stock is a buy, with JPMorgan suggesting it could still offer a 20% upside potential despite low growth projections.

Investors are wary of Apple’s premium valuation, but recent price drops may make it more appealing. While revenue growth is slow and faces regulatory challenges, the stock remains cheaper than tech competitors like Alphabet, Microsoft, and Amazon. Despite potential, some analysts are cautious about recommending Apple as a buy.

The Motley Fool Stock Advisor team highlights 10 stocks for investment, excluding Apple. Their service offers guidance on building a portfolio with high-return potential. Apple board member Suzanne Frey is part of Alphabet, and former Amazon CEO John Mackey sits on The Motley Fool’s board. Disclosure policies are upheld regarding stock recommendations.



Read more at Nasdaq: Apple Stock Has 20% Upside, According to 1 Wall Street Analyst