Analyst who correctly predicted Apple’s stock drop reboots price target

For many years, one of the stock markets’ great truths has been to buy and forget Apple stock in portfolios. That mantra has certainly paid off, given that Apple has returned an eye-popping 38,187% over the past twenty years. Still, a set-it-and-forget-it approach to owning Apple stock is being tested in 2024. Apple’s shares rallied 21% from last October’s low to their peak in mid-December, but since then it’s been nothing but down..down..down, falling 9% this year alone. That’s a stark (and disappointing) contrast to the S&P 500’s 8% gain. Apple investors have soured on the stock for various reasons….