Apple Stock Forecast: Why Apple’s Stock Will Again Breach $325
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
Summary:
- I accurately predicted last January 12 that Apple’s stock deserved a 90-day price target of $325. The stock posted a record 52-week high of $327.85 on January 27.
- If it were not for the COVID-19 pandemic panic, AAPL would still be trading above $325 today.
- My fearless forecast now is that China’s re-opening of factories and retail stores will eventually compel investors to again rally behind AAPL.
- The COVID-19 problem that threatened the supply-chain/logistics cycle of Apple is no longer valid. Retail stores outside China are closed but online sales of iPhones/iPads/Macs will continue.