Skip to main content

Nasdaq AAPL Apple

Is Apple Stock Overvalued?

3 years ago
There's no question Apple (NASDAQ: AAPL) is a dominant company in the world today. But that doesn't necessarily make it a great stock to buy. In this video, Travis Hoium goes over why Apple's growth may not justify the price investors are paying for the stock.
The Motley Fool

AAPL and META: Is There More Upside Left in These Buzzing Reddit Stocks?

3 years ago
Shares of the  top technology giants Apple  ( NASDAQ:AAPL ) and Meta Platforms ( NASDAQ:META ) are among the most widely discussed stocks on the social media platform Reddit. While these shares are buzzing on Reddit and have significantly gained mentions, they have outperformed the S&P 500 Index ( SPX ) and have appreciated considerably on a year-to-date basis. Despite the rally in their prices, analysts’ average price targets suggest a decent upside in these stocks. With this background, let’s delve into these trending Reddit stocks. Can Apple's Stock Go Higher? Apple stock has gained over 37% year-to-date. However, its stock came under pressure recently due to  concerns over iPhone sales in China. Nonetheless,  Morgan Stanley analyst Erik Woodring reiterated a Buy on Apple stock on September 7 and doesn’t expect the issues to snowball. Further, Woodring added that Apple is performing well in the Chinese market.  On the other hand, Apple will  introduce its iPhone 15 and a new version of the Apple Watch on September 12. Commenting on the launch,  Goldman Sachs analyst Mike Ng said he expects the iPhone 15 to lead to an improved price/mix. He maintained a Buy on AAPL stock on August 31 and expects the company to benefit from a large installed base and lower churn.  Overall, Apple is expected to benefit from a growing installed base of paid subscriptions and strength in the Services segment. However, near-term macro uncertainty is keeping analysts a bit cautious.  Apple stock has received 22 Buy and eight Hold recommendations for a Strong Buy consensus rating. Analysts’ average price target of $207.03 implies that it can go 16.6% higher from current levels. What is the Price Target for Meta? Meta stock has gained over 148% year-to-date. Despite the surge in price, analysts’ average 12-month price target of $376.19 suggests a further upside potential of 25.96% from current levels.  The improving advertising market, the company’s focus on driving user engagement, deep  cost-cutting measures, and investments in  AI (artificial intelligence) provide a solid foundation for future revenue and earnings growth.  Citing the reacceleration in ad growth,  Morgan Stanley analyst Brian Nowak reiterated a Buy on Meta stock on September 6. Including Nowak, Meta stock has received 41 Buy recommendations. At the same time, two analysts have rated Meta stock a Hold. Overall, Meta has a Strong Buy consensus rating. The Bottom Line Apple and Meta stocks are trending on Reddit and have good long-term growth prospects. Further, analysts’ price target indicates further upside in both of these stocks. However, Meta, with higher upside potential from current levels (based on analysts’ price target) and a Strong Buy consensus rating, looks more compelling than Apple in the short term.  Disclosure
TipRanks

If You Like SPHQ, Check Out Quality ETFs XMHQ and XSHQ

3 years ago
The second best-performing S&P 500 factor in August, quality ETFs are currently having a moment. The popular Invesco S&P 500 Quality ETF (SPHQ) has seen strong inflows recently, accreting $319 million in net flows in one month. Year to date, the $6 billion fund has hauled in $1.5 billion year to date, While SPHQ is [...] Read more at ETFTrends.com.
ETF Trends

Holiday-Shortened Trading Rocked by Volatility

3 years ago
Coming off a dismal August performance, investors had high hopes for Wall Street, despite September's historically bearish tendencies. It looks like history might prevail yet again. Oil prices weighed on stocks to start the week, while the Nasdaq Composite (IXIC) was battered on
Schaeffer

Dow Movers: BA, AAPL

3 years ago
In early trading on Friday, shares of Apple topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.4%. Year to date, Apple registers a 38.6% gain.
BNK Invest

Are Investors Too Overweight Tech Stocks?

3 years ago
According to a Bank of America fund manager survey, investors are the most overweight they have been in the technology sector since December 2021, with 60% of respondents saying being long big tech as the most crowded trade. A Bank of America analysis of Q2 filings shows that 20% of...
Barchart

September Remains Markets' Cooling Saucer

3 years ago
Pre-market futures are up and down this final trading day of the holiday-shortened season, and so far, September’s reputation for being a cooling agent on equity valuations — and that’s being kind — is bearing out. The four major
Zacks
Checked
23 minutes 57 seconds ago
This feed is responsible for generating the rss feed related to the topic aapl
Subscribe to Nasdaq AAPL Apple feed