Analysts Like This Apple Derivative Play With Sizable Upside

WEB Analysts: Apple Derivative Play Has Sizeable Upside

Market Sentiment Remains Positive for AAPL

Despite recent volatility in the tech industry, WEB analysts maintain a generally bullish outlook on Apple (NASDAQ: AAPL) stock. According to the company's latest 10-Q filing, Berkshire Hathaway has reduced its fund allocation to Apple by more than 20%.

Morgan Stanley Lowers Price Target

Morgan Stanley analyst Erik Woodring downgraded Apple's stock price target from $220 to $210, citing concerns about Apple's higher-priced devices. However, Woodring's overall view on AAPL remains positive.

TipRanks Consensus: Moderate Buy

On TipRanks, BRKB stock has a consensus rating of "Moderate Buy." Out of three analyst ratings, there are two "Buy" recommendations and one "Hold" recommendation.

Analyst Price Target

Analysts' average price target for Apple stock is $220.80, representing a potential upside of over 10% from the current share price.