Ahead of Apple’s quarterly results, Wells Fargo says that weak iPhone ship plus GenAI strategy and regulatory concerns has led to negative sentiment in the shares. The firm sees a tough Q2 tactical setup and says investors should consider buying the stock on any weakness post print. Wells has an Overweight rating on the shares with a price target of $225.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- MGK, XLG: 2 Best “Magnificent Seven” ETFs with Over 15% Upside, According to Analysts
- EU to approve Apple mobile payments system reform offer, Reuters reports
- Piper Sandler chief investment strategist holds analyst/industry conference call
- Apple (NASDAQ:AAPL) Removes Chat Messaging Apps from Chinese App Store
- Apple ordered to pull WhatsApp, Threads from China app store, NY Times says