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