An analyst from Goldman Sachs He predicts that the company with the bitten apple logo could regain its share value by the end of the year.
The analyst in question, called Rod Hall, affirms that Apple could recover from this tremendous crisis caused by the COVID-19 pandemic in December 2020.
Be that as it may, the analyst belongs to the firm Goldman Sachs. Indeed, the financial entity that partnered with Apple to market the Apple Card credit card. So we don't know how reliable these predictions can be.
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The current value of AAPL shares
Apple Stocks (AAPL) fell 12% after the market opening the day before yesterday. But little by little they have been stabilizing. Yesterday, AAPL finished at 4.4% and analysts and investors are very concerned about the financial effects of the coronavirus.
AAPL is down a lot from its all-time high of $ 327.85. Currently, the shares of the bitten apple logo signature have a value of $ 252.80. While yesterday they were worth $ 242.21.
The company closed all Apple Store stores globally due to the COVID-19 epidemic, and we don't know how long. Rodman Hall of Goldman Sachs has lowered his estimates in the face of the tax revenues of the firm in 2020, but believes that the recovery will occur at the end of the year.
The analyst has reduced his initial estimates (via Barron’s) 4.5% for the March quarter and 5.5% for the June quarter. It has only reduced its predictions by 2% for the September quarter and, in addition, has increased its expectations for the December quarter, raising its estimates by 5.5%. We will see how things are happening.