Apple (AAPL) Has At Least 3 Levers To Jump Start Shares In The New Year - RBC

January 2, 2019 6:38 AM

RBC Capital analyst, Amit Daryanani, reiterated his Outperform rating on shares of Apple (NASDAQ: AAPL) noting that there are options the company could take to blunt the weak iPhone demand and positively impact the stock in 2019. The analyst offers 3 ideas that could potentially cause a boost to the lagging share price:

1) Apple could begin to offer high end iPhone models as a service via lease.

2) Apple could be set to launch a streaming service after making significant content investments in 2018.

3) Capital reallocation. The analyst believes the recent market pull back makes an improved case for M&A as well as increasing dividends if growth is permanently reduced.

No change to the price target of $220.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $154.16 yesterday.


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