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Wall Street's consensus target sits below where Apple trades right now, yet nine straight quarters of earnings beats tell a completely different story. Something has to give, and the next catalyst may already be in motion.
Apple shares fell nearly 10% after weak guidance divided Wall Street, while Stocktwits retail traders saw the selloff as a buying opportunity.
JPMorgan gave a ‘Buy’ rating on Apple (NASDAQ: APPL) on Monday, October 12, with an Apple stock price target of $340.