5 Reasons to Buy Apple, and 1 Reason to Sell
Apple’s (NASDAQ: AAPL) stock hit an all-time high on Dec. 9 after two influential analysts made bullish predictions about the tech giant’s future. Wedbush analyst Daniel Ives declared that global demand for the iPhone 13 was still outstripping its supply by about 10 million units, that its holiday sales would be strong, and that Apple’s upcoming launch of an augmented reality (AR) headset would significantly boost its sales and profits next year. Morgan Stanley’s Katy Huberty claimed Apple’s price didn’t reflect its upcoming AR, VR, and vehicle-related products yet, and that it would benefit from a “flight to quality” from other stocks. Both analysts have set a price target of $200 on Apple’s stock — roughly 14% above its current price.