Apple Is A 'Buying Opportunity' Again As Key Valuation Level Flashes Green, Bank Of America Says

After a brutal sell-off that wiped out a fifth of Apple Inc.'s (NASDAQ:APPL) market value in less than a week, one of Wall Street's most prominent banks believes history is flashing a strong buy signal for the tech titan and historical data suggests they might be right.

In a note shared Tuesday, Bank of America analyst Wamsi Mohan said Apple's risk-reward profile is now skewing favorably for long-term investors, thanks to a rare compression in the stock's valuation multiple that has previously signaled strong future returns.

Valuation Compression Signals Opportunity For AAPL Shares

Apple shares are down 25.5% year to date and have fallen 23.5% since their last earnings report, underperforming the S&P 500 index, which declined 13.7% and 16.6% in the same respective periods.

Since President Donald Trump’s tariffs took affect on April 2, the iPhone maker lost 17%, more than double the decline suffered by the S&P 500 index.

Geopolitical tensions around U.S.-China tariffs and delays in rolling out Apple Intelligence features on Siri have contributed to the decline.

Yet, Mohan said ...

https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44696168/apple-is-a-buying-opportunity-again-as-key-valuation-level-flashes-green-bank-of-am