If you own Apple stock and you were watching the markets open today, you may have been in for a surprise. The value of these shares has risen by 3.3% in a few hours , reaching $ 178. The responsible was not good sales estimates or statements by Warren Buffet: it was a bank.
Specifically, it has been Bank of America, which has changed its mind about Apple and has publicly advised the purchase of its shares after some time, valuing it as a “neutral” company in terms of its value. In addition, the US entity has raised its estimates and believes that in one year Apple’s shares will be valued at $210 .
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Bank of America states, in more detail, that we should get used to seeing how the sale of Apple devices will stabilize instead of grow . What would grow would be revenue from services, in addition to sales of accessories and wearables . This makes the bank consider investing in Apple as an “opportunity”.
Apple is still below the $200 it reached last year before iPhone sales plummeted, although it is already well above the more pessimistic forecasts that said stocks would not go above $161. We may not have the meteoric rise we thought we would, but Apple’s plans are long-term.