Subramanyan
01-14 10:08

$Apple(AAPL)$  Whether Apple has reached a durable bottom after 6 weeks of losses is debatable:

Per the bullish views of  Wedbush or Evercore, the current drawdown is a "waiting game" because the market has not yet priced in an "AI premium" for 2026. In my opinion, this is a rather simplistically optimistic take.

Now the bearish or neutral view of Forbes, a potential stagnation is warned due to overvaluation that suggests the stock may consolidate rather than rally in the near term at least.

Now to conclude, I prefer to take a middle path and feel we can see it at aroubd $300 i.e.  ~ 15% rise. 

With Wedbush Calling 35% Upside, Has Apple’s Risk-Reward Shifted?
Apple has reclaimed the No.1 spot in global smartphone shipments, even as its stock has fallen for six consecutive weeks. Despite the drawdown, Wedbush Securities remains bullish, citing four major tailwinds and projecting up to 35% upside this year. Whether the stock has already bottomed—or if patience is still needed before a re-rating begins. After six straight weeks of losses, is Apple finally forming a durable bottom? Do smartphone leadership and AI expectations justify Wedbush’s 35% upside call?
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