Apple shares rise on favorable Bernstein report

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Apple ($NASDAQ:AAPL) shares rose on Thursday as investment firm Bernstein said the stock could “potentially outperform” over the next few months, citing its past historical pattern. But Sacconaghi said that Apple’s shares typically bottom out ahead of a new iPhone launch, and he expects the stock to start rising again later this year.

Market Reaction

The current media sentiment towards APPLE is mostly mixed. However, on Thursday the stock opened at $136.8 and closed at $138.3, up by 2.2% from the prior closing price of $135.4. This shows that APPLE is still a strong company despite some negative media sentiment.

VI Analysis

As a company’s fundamentals reflect its long term potential, the fair value of its shares can be calculated by taking into account various factors including earnings growth, dividend yield, and P/E ratio. The VI Line app makes this process simple and easy to understand. Based on the current data, the fair value of an APPLE share is around $140.1. However, the stock is currently trading at $138.3, which represents a slight undervaluation of 1%. This could be seen as an opportunity to buy APPLE shares at a fair price.

Summary

Apple is a publicly traded company with a market capitalization of over $1 trillion. As one of the most valuable and well-known companies in the world, it is no surprise that investors are interested in buying Apple shares. Looking ahead, it is likely that Apple will continue to be a strong investment. The company has a history of innovation and is expected to continue to dominate the tech industry for years to come. For these reasons, Apple is a safe and profitable investment for long-term investors.