Apple Analyst Holds The Line After $300 Billion Rout: What Could Turn Things Around
Benzinga (Fri, 04-Apr 3:02 PM)
Needham analyst Laura Martin reiterated Apple Inc (NASDAQ:AAPL) with a Buy rating and a $260 price target Friday.
Apple stock tanked nearly 10% Thursday, losing about $300 billion of market cap, owing to new tariffs.
Apple stock lost 13.7% in market value over two days, marking its worst drop since January 2013.
Also Read: Apple Set For Strong iPhone Upgrade Cycle Driven By AI, Analyst Says
SPDR S&P 500 (NYSE:SPY) lost 7.6% in value for the week, marking its most significant weekly loss since March 2020. The iShares Semiconductor ETF (NASDAQ:SOXX) is down 16% this week, marking its worst performance since the dot-com bust in September 2001.
However, unless Apple gets an exemption, Martin ...
