Apple: Dead Money For 3 More Years
Top trending article on Seeking Alpha.
- Apple has fallen 9% in the first year since the 4-year dead money call made in March 2022.
- The company has seen EPS estimates fall in the year due to weak demand for tech products.
- Analysts continue to promote aggressive price targets keeping the stock inflated at the current price of $150.
- Based on updated FY26 EPS targets, Apple has a maximum March 2026 valuation similar to the current price using a possibly aggressive P/E multiple of 20x.
Exactly a year ago, Stone Fox Capital made the prediction that Apple (NASDAQ:AAPL) would trade flat to down for the next 4 years. The tech giant had rallied above $160 on new product hype and analyst projections of much higher prices. My investment thesis remains Bearish on the stock even after a nearly 10% dip in the last year, especially with a leading research firm again out promoting a massive gain from already elevated levels.
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