How Apple Stock Could Sink 21%: Analyst Report

Nearly all analysts on Wall Street believe that owning Apple stock (AAPL) – Get Apple Inc. Report is a good idea. But one bearish expert stands out from the crowd – we have talked about ItauBBA’s Thiago Kapulskis and his underperform thesis on AAPL recently.

The analyst, in fact, thinks that Apple shares could decline 21% from current levels to $122. Today, I review how this could happen, in his opinion, and why the ItauBBA team of researchers cut its price target on AAPL following the announcement of the iPhone 14.

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Naveen Kumar

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