Apple Stock Likely Out Of Favor Until Late 2019, Analyst Says

▤ Summary

In fact, Apple stock could be in the penalty box until late 2019 when investors are likely to catch on to the change, said Gene Munster, Loup Ventures managing partner."In the past, when Apple entered a major transition, investor optimism initially declined, then stabilized, then improved," Munster said.In a report Friday, Nomura Instinet analyst Jeffrey Kvaal reiterated his neutral rating on Apple stock with a price target of 185."Our feverish discussions with investors over the past month indicate a clear negative sentiment shift … but also a fledgling bull case," he said."Despite a sticky and growing user base, we argue Services may face near-term slowing in the App Store, AppleCare, and licensing," Kvaal said.

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Apple Inc.

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