Key Takeaways:
- Apple's (AAPL, Financial) shares fall over 5.6% amid new tariff concerns affecting China-dependent production.
- Analyst Dan Ives reduces price target from $325 to $250, citing significant short-term challenges.
- Current price projections suggest potential upside opportunities for investors.
Recent concerns have surfaced over Apple's (AAPL) stock performance as shares plunged more than 5.6%. The downturn comes as impending tariffs pose a threat to its production operations heavily reliant on China. In response, Wedbush analyst Dan Ives has adjusted his price target for Apple from $325 down to $250, highlighting the near-term obstacles that the tech behemoth is expected to face.
Wall Street Analysts Forecast
According to the projections provided by 42 analysts over the next year, the average target price for Apple Inc (AAPL, Financial) stands at $248.62. This range spans a high estimate of $325.00 to a low of $175.00. This average target suggests a potential upside of 36.99% from its current trading price of $181.48. For a deeper dive into these estimates, visit the Apple Inc (AAPL) Forecast page.
On the brokerage front, Apple Inc (AAPL, Financial) enjoys an average recommendation score of 2.2 from 47 brokerage firms, reflecting an "Outperform" status. This rating system ranges from 1, indicating a "Strong Buy," to 5, signifying a "Sell."
Utilizing GuruFocus' analytics, the estimated GF Value for Apple Inc (AAPL, Financial) one year from now is $207.76. This estimate hints at a upside of 14.48% from its current valuation of $181.48. The GF Value represents GuruFocus’ assessment of the fair market price of the stock. This calculation is derived from historical trading multiples, the company's past growth trends, and projected future performance. For further insights, explore the Apple Inc (AAPL) Summary page.
