Apple’s Run Continues With 5G Prospects and PayPal May Have A Good Entry Point
Tech Giant and Mega Cap Blue-Chip Apple cannot seem to get out of the green over the past few months. With the iPhone 12 becoming the first iPhone hosting 5G capabilities, many stock analysts have boosted their ratings for Apple even higher, the already high prices seem to only be the beginning for many.
For example, Analysts at Wedbush have a hyper bullish outlook at Apple reaching $175 per share, another 20% to 25% higher from current levels. Some have even gone to say Apple may reach $225 if trends continue higher throughout 2021. With healthy financials as well as a strong customer base and creative moves in new industries like auto, Apple may just well see more sunny days.
Despite competition with Squarespace and other big names, PayPal has made moves to include cryptocurrency trading options on their platform as well as the ability for investors to buy and sell Bitcoin. Just this past week BTIG upgraded PayPal from hold to buy with a $300 price target.
Some believe an entry opening may come soon as a new “cup base” pattern is taking place, a formation that led to a solid reversal in the week that PayPal bottomed back in November.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.