However, other analyst views this week were more positive. Bank of America (NYSE: BAC) analysts reinstated coverage with a buy rating and a price target of $120, saying the Apple ecosytem remains strong and noting an iPhone 6 “super cycle.”
Analysts at Susquehanna (NASDAQ: SUSQ) maintained their “positive” rating and raised price estimates from $115 to $120
Zacks analysts upgraded AAPL to a strong buy, citing strong iPhone 6 and iPhone 6 Plus sales and the launch of the new iPad, which Zack analysts expect to sell well during the upcoming holiday season.
U.S. Teens Love iPhones But Not Excited About Apple Watch
A Piper Jaffray (NYSE: PJC) survey of U.S. teens shows that 73 percent expect their next smartphone to be an iPhone, but only 16 percent plan to buy an Apple Watch.
Vanguard Mega Cap Growth ETF — MGK
If you want to invest in AAPL while reducing the risk that comes with single-stock investing, consider an ETF such as MGK, which invests in large growth domestic stocks and has an expense ratio 91 percent lower than other funds with similar holdings. The fund invests in 151 stocks, with AAPL as its largest holding.
By Diana Primavera, ETF Daily News