Apple: The World’s Most Boring Way To Make Money

Summary:

  • We believe Apple’s financial performance remains rock solid, its valuation inexpensive, and its stock chart bullish.
  • The slow-burn slow-build approach to AI at Apple will, in our view, benefit the stock price over time.
  • We rate the stock at Hold with a price target of $280.
Top view of Macbook air notebook laptop computer with apple logo on topside. Macbook Pro 16 M1 chip laptop in grey, silver by Apple Inc. iMac on dark grey background isolated.

ambadas wadisherla/iStock Editorial via Getty Images

DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.

Business relationship disclosure: See disclaimer text at the top of this article. Cestrian Capital Research, Inc is an affiliate partner of TrendSpider.

Cestrian Capital Research, Inc staff personal accounts hold no direct positions in AAPL but do hold beneficial positions via, inter alia, S&P500 and Nasdaq-100 ETFs.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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