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Apple: Warning Signs Everywhere

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  • Apple continues to race towards $200 as multiple analysts hike price targets despite limited boosts to projected growth over the next couple of years.
  • The average price target on Apple actually remains below the current stock price.
  • The narrowing market breadth due in large part to Apple will lead to a larger market dip.
  • The stock shouldn't trade at 35x forward EPS estimates despite all of the recent analyst projections.
  • Looking for a helping hand in the market? Members of Out Fox The Street get exclusive ideas and guidance to navigate any climate. Learn More »
Day after day, analysts attempt to one up each other with higher price targets for Apple (AAPL). The tech giant already trades at all-time highs with a near peak forward P/E multiple despite the desire by analysts to suddenly hike price targets. My investment thesis remains Bearish on the stock at all-time highs while growth rates are set to cool.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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