A commentator from Goldman Sachs He predicts that a company with an apple shaped logo may regain its share price by the end of the year.
The commentator in question, called Rod Hall, confirms that Apple could recover from the major problem caused by the COVID-19 epidemic in December 2020.
In any case, the analyst is Goldman Sachs firm. Indeed, it is a financial business that has partnered with Apple to market the Apple Card credit card. So we do not know how reliable these predictions can be.
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Current AAPL share price
Apple Shares (AAPL) dropped by 12% after yesterday's market opening. But they have been slowly settling down. Yesterday, the AAPL finished at 4.4% and analysts and investors are very worried about the financial consequences of the coronavirus.
AAPL is down a lot from its season high of $ 327.85. Currently, the signature shares of the apple bite logo are limited $ 252.80
The company closed all Apple Store stores worldwide due to the COVID-19 epidemic, and we don't know how long. Rodman Hall of Goldman Sachs he has lowered his standards it is facing a tax deduction for the company by 2020, but believes the refund will take place by the end of the year.
The analyst lowered its initial estimates (for Barron & # 39; s) by 4.5% in the March quarter and 5.5% in the June quarter. It reduced their forecast by 2% in the September quarter and, in addition, raised expectations in the December quarter, increasing its value by 5.5%. We'll see how things work out.