Apple: Buy or Sell? Most analysts are bullish.

Closed at $204.23 on Friday, Apple is currently catching attention on the position it is going to hold in the future.

Analysts have already started stating their view on this matter.

Shares of Apple (NASDAQ: AAPL) fell more than 2% Monday after Jun Zhang, an analyst at Rosenblatt Securities, downgraded Apple’s stock to a “sell” from a “neutral” rating. According to Jun Zhang, Apple’s iPhone XS is “one of the worst selling iPhone models in the history of Apple”. He believes that the sales of new iPhones would be disappointing. He also claims that the sales growth of products such as iPad, HomePod, AirPod and iWatch wouldn’t have a big impact on the total revenue growth.

“We believe there is less reward for owning Apple stock after the recent stock rebound from stock buybacks and stable second quarter guidance. We believe Apple will face fundamental deterioration over the next 6-12 months,” Zhang told investors in a note.

Speaking of Apple stock price forecast; although about 5 analysts are bearish on Apple’s stocks, about 20 Analysts have “Buy” ratings on the company’s shares. In fact, the analysts say that the share price of Apple will rise in the next 12 months to $215 – which is the median target, whereas the high estimate and low estimate are $245 and $150 respectively.

Most of the analysts don’t share Zhang’s opinion including Wedbush analyst Dan Ives who said that he is “bullish” on Apple well into the next fiscal year “and beyond”.

(Reference: CNN Business, The Motley Fool, Fortune)
(File photograph: Lucas Jackson/Reuters)