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Apple Stock at the edge of the rally at 70%
According to recent AAPL price developments, it appears that investors are cautiously optimistic that the Tim Cook-led company will join its counterparts in FAANG to announce badysts' estimates.
However, even if Apple shocks Wall Street with a brutal quarter, the founder and managing partner of Loup Ventures, Gene Munster, has a simple message for investors: buy, buy, buy!
Gene Munster predicted that Apple's shares would rise 70% over the next 24 months. | Source: Yahoo Finance
In an interview with CNBC in an interview with Apple, Munster revealed that he thought the shares of AAPL would reach $ 350 in the next 24 months, providing a tantalizing 70% return for investors cautious.
"The history of Apple has significant advantages. I suspect that this year, Apple will be the best performing FAANG title, "he said. "I think it can be closer to $ 350 [a share]. … I know that, historically, the multiple has not been obtained. But I think that will slowly change.
Some badysts had previously become bearish to Apple, fearing that a global slowdown in iPhone sales would hurt the profitability of the company.
Apple's consumer staples status will make it red Amazon
Poor iPhone sales have created difficulties for Tim Cook and his company, but the company's "commodity" status will ensure future growth. | Source: Shutterstock
However, Wolf Ventures predicts that Apple has evolved beyond its "stock tech" label to become a true "commodity" like Coca-Cola. In other words, the company estimates that the decline in iPhone sales is a cyclical fluctuation rather than a canary in the coal mine for a more disturbing trend.
Will Thompson, a partner of Gene Munster and Wolf, wrote in a Monday note:
"Apple has reliable, long-term customers. Stable companies like Clorox and Coca-Cola are earning their multiples as the underlying investment is less risky. The decline of the iPhone in 2019 shows that Apple's business is as reliable as Clorox. That said, we expect the iPhone to regain stability and services to slowly gain investor confidence and a higher profit multiple. "
As a result, they wrote, Apple will prove to be "the most successful FAANG title in 2019", even Amazon whose rally catapulted AMZN shares is 30% higher and at a distance of $ 2,000.
The title of Amazon, very red, is an upward call announced by badysts hoping to break the $ 2,000 mark for the first time since 2018. | Source: Yahoo Finance
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