5-Star Analyst Lays Out the Bullish Case for Apple Stock

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5-Star Analyst Lays Out the Bullish Case for Apple Stock

TipRanks2022-07-06

The mega caps have suffered in this year’s market rout and so has the biggest amongst them; Apple (AAPL) shares sit 20% into the red on a year-to-date basis. That said, assessing the tech giant’s ...

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·2022-07-06
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That said, assessing the tech giant’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/5-star-analyst-lays-bullish-221247387.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5-Star Analyst Lays Out the Bullish Case for Apple Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5-Star Analyst Lays Out the Bullish Case for Apple Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-06 06:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/5-star-analyst-lays-bullish-221247387.html><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The mega caps have suffered in this year’s market rout and so has the biggest amongst them; Apple (AAPL) shares sit 20% into the red on a year-to-date basis. 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There were also software upgrades, including iOS 16, iPadOS 16, and several watch and TV OS upgrades. Another key announcement was of a new BNPL (buy now pay later) payment option called Apple Pay Later.\nThat’s not all. The next-generation CarPlay interface also made an appearance, highlighting “further expansion into the automotive industry,” which going by Apple’s history, could well be a precursor to its own vehicle. As noted by Feinseth, Apple CarPlay’s functionality has seen constant expansion, and is now moving “beyond just controlling Apple apps to controlling the entire vehicle.”\n“Apple’s new CarPlay can completely replace the car’s instrument cluster,” Feinseth expounded on the issue, “including controlling the radio, heating and AC, and other infotainment functions.”\nAll this ongoing innovation is backed by a balance sheet boasting $173.43 billion - or $10.65 per share - in excess cash (as of March 2022), which will keep on funding “new growth initiatives and strategic acquisitions while returning significant amounts of cash to shareholders.”\nSo, that’s Tigress’ take, what does the rest of the Street think lies in Apple store? Based on 22 Buys and 6 Holds, the stock has a Strong Buy consensus rating. The $186.09 average target might not be quite as high as Feinseth’s objective but could still generate returns of 31% over the one-year timeframe. (See Apple stock forecast on TipRanks)\n\n\n\n\n\nTo find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. 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That said, assessing the tech giant’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/5-star-analyst-lays-bullish-221247387.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/Ecw1SJ6WJmCxknHrLFc6jA--~B/aD0zMjU7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://s.yimg.com/uu/api/res/1.2/flysRC3BHKkGWKXuCysk3w--~B/aD0zMjU7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/tipranks_452/a8f007edefdd821c56ab1d64584a550f","relate_stocks":{"BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","BK4571":"数字音乐概念","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4566":"资本集团","BK4527":"明星科技股","BK4559":"巴菲特持仓","BK4501":"段永平概念","BK4579":"人工智能","BK4554":"元宇宙及AR概念","BK4550":"红杉资本持仓","BK4574":"无人驾驶","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4512":"苹果概念","AAPL":"苹果","BK4170":"电脑硬件、储存设备及电脑周边","BK4532":"文艺复兴科技持仓"},"source_url":"https://finance.yahoo.com/news/5-star-analyst-lays-bullish-221247387.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2249907532","content_text":"The mega caps have suffered in this year’s market rout and so has the biggest amongst them; Apple (AAPL) shares sit 20% into the red on a year-to-date basis. That said, assessing the tech giant’s prospects, one Street analyst expects the upward trajectory to resume shortly.\nTigress 5-star analyst Ivan Feinseth recently reiterated a Buy rating on Apple shares, while maintaining a Street-high target of $210. This suggests the stock will be changing hands for a 48% premium a year from now.  (To watch Feinseth’s track record, click here)\n\n\n\n\n\nFeinseth’s upbeat take is heavily based on the latest product introductions, and a number of “breakthrough announcements” made at the recent WWDC (Worldwide Developer Conference). According to the analyst, these should “continue to drive strong sales momentum.”\nSo, what did Feinseth particularly like?\nOne was the announcement of the new M2 chip which compared to the current “groundbreaking” M1 chip is 40% faster. The latest version of the MacBook Pro and the most significant MacBook Air redesigning in over a decade were also announced. There were also software upgrades, including iOS 16, iPadOS 16, and several watch and TV OS upgrades. Another key announcement was of a new BNPL (buy now pay later) payment option called Apple Pay Later.\nThat’s not all. The next-generation CarPlay interface also made an appearance, highlighting “further expansion into the automotive industry,” which going by Apple’s history, could well be a precursor to its own vehicle. As noted by Feinseth, Apple CarPlay’s functionality has seen constant expansion, and is now moving “beyond just controlling Apple apps to controlling the entire vehicle.”\n“Apple’s new CarPlay can completely replace the car’s instrument cluster,” Feinseth expounded on the issue, “including controlling the radio, heating and AC, and other infotainment functions.”\nAll this ongoing innovation is backed by a balance sheet boasting $173.43 billion - or $10.65 per share - in excess cash (as of March 2022), which will keep on funding “new growth initiatives and strategic acquisitions while returning significant amounts of cash to shareholders.”\nSo, that’s Tigress’ take, what does the rest of the Street think lies in Apple store? Based on 22 Buys and 6 Holds, the stock has a Strong Buy consensus rating. The $186.09 average target might not be quite as high as Feinseth’s objective but could still generate returns of 31% over the one-year timeframe. (See Apple stock forecast on TipRanks)\n\n\n\n\n\nTo find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.\nDisclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":3,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}