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. Read the full article on See...