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Technology Stocks : Apple Inc.
AAPL 272.04+0.5%3:31 PM EST
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Zen Dollar Round
To: Zen Dollar Round who wrote (212506)6/30/2023 1:42:06 PM
From: NAG12 Recommendations   of 213177
 
ZDR,

Not that the number itself is important. It is nice that Apple is advancing but I think it is getting ahead of itself. Newest coverage from a new analyst at Citi gave a price target of $240. That with the inflation data is driving the market right now. But the Citi target is with a PE of 30 and is looking for Apple to further drive up GM. That is a bit rich and I don't think is sustainable. No matter, I am holding my shares but may sell and buy back some shares to take some of the tax burden this year.
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