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published in Blogs
Dec 29, 2022
Apple (AAPL, $126.04) shares fall to a 52-week low

Apple (AAPL, $126.04) shares fall to a 52-week low

Apple Inc. shares fell -3.1% to close at $126.04 -- a new 52-week low -- on Wednesday, on concerns over iPhone sales (although inching up + 0.5% in today’s pre-market trading session). The company’s stock is down more than -30% year-to-date.

Several analysts have cut their price targets on the stock in recent times. On December 20, JP Morgan’s Samik Chatterjee lowered the price target to $190 (from $200) while maintaining an Overweight rating on the stock. This analyst sees over 50% upside in the company’s stock.

On November 8, Morgan Stanley’s analyst Erik Woodring slashed the price target to $175 (from $177) while maintaining an Overweight rating. The analyst sees around 39% upside in the company’s stock.

Barclays analyst Tim Long reaffirmed an Equal-Weight rating on the stock on October 4, and reduced the price target to $144 (from $156). This analyst sees around 14% upside in the company’s stock.

 

 

Related Tickers: AAPL