Analyst Erik Woodring said,appleIt will remain a “battleground” for investors, with bears arguing that Apple is too profitable in fiscal 2021 and 2022, while bulls believe Apple is more immune to macro challenges. The analyst also said that Apple’s stock has outperformed the S&P 500 by 3% since its latest quarterly results.
“However, we still see institutional investor sentiment as neutral/negative, and any relevantiPhoneUnexpected positives from pricing, new features, carrier/channel subsidies, and other product launches could help the stock return to our $180 price target. “
Apple is widely expected to release the iPhone 14 lineup next week, along with a new Apple Watch and upgraded AirPods.
New data released this week by Counterpoint Research shows that Apple has overtaken Android to dominate the US smartcell phonemore than half of the market.
