Analysts Split on Apple Stock Price as Earnings Fallout Continues

Wall Street analysts have offered varied predictions for Apple's stock price after the company reported mixed earnings results, causing its share value to drop by over 9% in five days.

Amit Daryanani of Evercore ISI reiterated a 'Buy' rating with a $365 target, suggesting a potential 19.14% upside, driven by consumer demand and pricing power.

However, other analysts have taken a more cautious stance: China Renaissance downgraded Apple shares to 'Hold', setting a $280 target, while Helena Wang of Phillip Securities downgraded the stock to 'Sell' with a $290 target, signaling a possible 5.33% downside.

The average 12-month price target from 31 analysts is $333.18, indicating an 8.10% upside.