Apple Stock Prices: Maynard Um Talks Potential for Apple Rebound

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“While this requires some patience as the cycle transitions and then matures to drive gross margin, we believe valuation will rise with sentiment.”

“While there seems to be some concern around competition and diminishing demand, had some operators not been as restrictive on upgrades relative to past new product launches, Apple would have experienced an even stronger launch, making what we expect to be a record setting December even more impressive.”

Wells Fargo Securities has a projected valuation range for Apple Inc. (NASDAQ:AAPL) stock from $680 to $730. This is an adjustment to their prior forecast of $710 to $730.

Do you agree with Maynard Um that a rebound is in the cards? Share your thoughts in the comments section below.

Check back here for more updates on Apple Stock Prices.

DISCLOSURE: I have no positions in any stock mentioned.

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