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Investment firm Bernstein is recommending clients buy Apple stock, and expects issues such as declining Chinese demand for the iPhone to be cyclical, especially with an AI iPhone.
Apple is dealing with regulatory pressures and other unknowns
Apple is dealing with regulatory pressures and other unknowns
Bernstein’s position goes against that of JP Morgan, which does expect a boost from AI for Apple, but not until 2026 and the iPhone 17. Morgan Stanley has said that it is bullish about Apple, yet it also downgraded its stock price.
Now Bernstein has retained its $195 target price, but it’s upgraded Apple to “outperform” status. Speaking with CNBC, Bernstein analyst Toni Sacconaghi said that Apple’s currently lower stock price makes this a good time to buy.
Go Here to Read this Fast! Bernstein says buy Apple while stock price is low
Originally appeared here:
Bernstein says buy Apple while stock price is low
