Apple stock price rises after latest earnings report
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Apple shares have had a tough year after some early growth – while investors didn't make up for losses after Thursday's earnings report
Investment firm Bernstein was right when it advised clients to buy Apple shares because they were trading at an attractively low price in Thursday's trading. were worth $173.03.
On the secondary market they were up a lot.
At the time of writing, the share price was $185.75 and was generally rising. $185.64
This is not the highest the share price has risen to in a year: it previously reached a high of $195.81. The lowest point was around $165.84 at the end of April 2024.
But in a quarter where most analysts such as JP Morgan and even the generally bullish Morgan Stanley cut their price targets on Apple.
Analysts have consistently predicted that Apple's share could rebound, but everyone expected that to happen after the expected artificial intelligence announcements at WWDC 2024 in June.
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