AAPL is the Most Undervalued Stock According to Goldman Sachs
As shares of Apple stock recently hit a 52-week low, analysts at Goldman Sachs remain very optimistic about the company’s fortunes. One of the analysts even went as far as saying AAPL is the most undervalued stock the firm covers.
According to Goldman Sachs analyst, Bill Shope, AAPL is still rated as a “Buy” despite the cautious outlook that other analysts are providing. Shope continues to stick with a $660 price target on the stock. Another analyst at Goldman Sachs, David Kostin, recently published a list of the Goldman-covered stocks with the most upside opportunity, with Apple being on the top of the list with a 49.5% potential upside.
Furthermore, Goldman aren’t the only ones with a positive outlook on Apple. The Berkshire Hathaway chief and respected investor Warren Buffet recently said that Apple should use its cash pile to buy back more of its stock. Such a move would be like buying dollar bills for 80 cents according to him.