Tag: Apple039s

Is Apple's Valuation Undermining Your Retirement? (Rating Downgrade)

Dec 12, 2023

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by

ErtgminM00n77

in Finance

Justin Sullivan Introduction I covered Apple (NASDAQ:AAPL) in May and felt the company deserved a hold rating, as it is clearly a superior business, but was trading at multiples that were implying 15% growth while the macroeconomic backdrop became more hazy. Over the last two quarters, revenue continued to stagnate but the September quarter had…