Stocks Analysis by MarketBeat.com (Sam Quirke) covering: Apple Inc. Read MarketBeat.com (Sam Quirke)'s latest article on Investing.com
However, with the S&P 500 on the verge of a classic breakout, the risk/reward profile is attractive.stock has effectively been trading sideways since July. In fact, the tech titan’s shares closed Tuesday’s session at the same price they were just one week before they popped to their last all-time high. In the three months since then, they’ve fallen as much as 20% and rallied about the same.
Coupled with the fact that the company is still working through an eye-watering $110 billion share buyback program, it’s clear management feels there’s no sign of this solid performance abating. This month, the teams at Oppenheimer, Citigroup, and Bank of America have already taken a similarly bullish stance with similar price targets.
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