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Apple stock dips below $310, seen as a buying opportunity amid strong iPhone sales and services growth.

Analyst Insights
11 Aug 2026
24/7 Wall Street
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Bullish
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Apple's stock has fallen 7.47% since its Q3 earnings, trading at $308.26, which some long-term investors find attractive. The recent pullback is due to concerns over tariff refunds, rising memory costs, and supply chain issues. Despite this, Apple reported its strongest June quarter ever, driven by strong iPhone 17 sales and expanding services revenue with high margins. The company also announced a $100 billion buyback program and continues to show strong financial metrics. Analysts remain mostly bullish with a consensus target price of $322.82. Key upcoming catalysts include the iPhone 18 launch, easing supply constraints on Macs, and new AI-driven Siri features. Risks include potential revenue drops in China and margin pressure from rising costs. Overall, Apple presents a positive risk/reward profile for long-term investors.

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