Worries Mount For Apple Bulls As Stock Takes A Dive, Analysts Eager For Q4 Results
Portfolio Pulse from Benzinga Neuro
Apple Inc. (NASDAQ:AAPL) shares are on a downward trend, causing concern among investors and analysts ahead of the Q4 earnings report. Melius Research analyst Ben Reitzes maintains a Buy rating and a $240 target price on Apple stock, despite its current price around $179. Reitzes identifies four key challenges for Apple: growth, China, artificial intelligence (AI), and its search engine strategy. He predicts a 4% revenue growth for the December quarter, citing potential benefits of iPhone 15 upgrades and increased store traffic.
October 11, 2023 | 7:56 am
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Apple's stock is facing a downward trend, causing concern among investors. The company's Q4 earnings report is eagerly awaited, with key challenges identified in growth, China, AI, and search engine strategy.
The news directly mentions Apple and discusses the company's current challenges and potential future performance. The downward trend of the stock, coupled with the upcoming Q4 earnings report and identified challenges, could negatively impact the stock price in the short term.
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