Skip to content

Bank of America encourages Apple’s shares to positively value their purchase

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 .

Bank of America encourages Apple’s shares to positively value their purchaseBank of America encourages Apple’s shares to positively value their purchase

At Apple, the deals are on: China increases iPhone discounts, including XS

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.