Apple: A few bargain buys providing the title

(CercleFinance.com) – The title Apple opened higher on Friday on the New York Stock Exchange thanks to some cheap purchases on technology stocks after their disastrous start to the year.

The tech giant’s stock has fallen more than 22% year-to-date on the prospect of an economic slowdown, which masked better-than-expected first-quarter results.

For Dan Ives, the star analyst at Wedbush Securities, the firm at the apple remains a value that is still just as attractive, especially in the turbulent phase that the markets are currently going through.

‘As of today, we believe demand for the iPhone is holding up better than expected (despite the many supply issues plaguing Apple and the rest of the industry), with trends that outline the goals of the iPhone. “Management team at this stage of the quarter,” he said in a note released in the morning.

Wedbush, which makes Apple its preferred value in the technology sector, obtained in its opinion ‘outperformance’ and its target price of 200 dollars on the title.

At the end of the morning, the Apple action rose by 0.8%, compared with a gain of 0.6% for the S&P index of ‘techs’.

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