10 Things That Can Go Right for Apple Stock, According to an Analyst

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Apple is incredibly cheap right enough, I've bought more stock as I do on every downturn. Take my advice, or don't, your choice.

While Apple stock has been in free fall in recent months, Wedbush Securities believes there are still many things that could go right for the smartphone maker next year. The firm’s analyst Daniel Ives reiterated his Outperform rating for Apple stock, citing the value of its iPhone ecosystem and services businesses.

“We encourage investors to value the core iPhone franchise and golden jewel services business over the next few years instead of listening to the bears piling on mentality, which will rule the name/stock in the near term,” he wrote on Monday. Ives reaffirmed his $275 12-month price target for the company’s shares. Apple stock was up slightly to $150.91 on Monday. Its shares have declined about 30% since the end of October as concerns have mounted about weak demand for the iPhone models released this fall.

https://www.barrons.com/articles/apple-stock-2019-wish-list-51545668727?siteid=yhoof2&yptr=yahoo