$Apple(AAPL)$With Apple stock trading 18% lower in 2022 alone, Wall Street has weighed in on the pullback. Here is what some analysts had to say about AAPL recently.
Apple stock has been trading 18% lower since 2022 started, and the S&P 500 is also flirting with bear territory. The marketwide decline has been generally driven by unfavorable macroeconomic forces and supply chain disruptions.
However, from a business perspective,Apple appears to be performing well, benefiting from solid demand for its products and services.
The current tone on Wall Street towards Apple is bullish — a “strong buy” rating and 27% upside potential, on average. Below is what some of the top analysts think about Apple's current correction, and where they see the key risks and opportunities.
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Wall Street towards $Apple(AAPL)$ looking Bullish