April 27, 2024

Apple (AAPL)

Today Raymond James upgraded Apple (AAPL) to Strong Buy from Outperform and placed a $600 target on the stock.  With AAPL closing Friday at $396.53 this represented a near 51% increase in price and even from today’s closing price of $409.51 leaves a roughly 46.5% gain if RayJay ends up being right. Where I see the opportunity residing is trading again the recent lows, $388.87, which look like they are trying to help carve out a double bottom.  Below there and I will want to re-evaluate and look for a better position.  Target on the upside below RayJay’s target could…