Apple shares could slide 25 percent in 2019, strategist says

Despite the analyst’s bearish outlook, Apple watchers more generally are still overwhelmingly bullish. According to Reuters, Apple currently has 13 “strong buy” ratings from analysts, 10 “buy” and 20 “hold” ratings, with no “sell” or “strong sell” ratings.

These analysts have an average target price of $215 a share. The stock currently trades at $157 and Smithers’ prediction would see it fall to 117.75 — a price it hasn’t seen since early 2017.

We are primarily funded by readers. Please subscribe and donate to support us!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.