#2 - Apple (NASDAQ:AAPL)
Apple (NASDAQ: AAPL) is expected to enter the VR sector with a headset that is rumored to be “significantly lighter” than competitor models. Other features are said to include high-end displays, eye-tracking technology, and over a dozen cameras that will track hand movements and capture footage. And if rumors are true, this won’t be the only VR product that Apple will be introducing.
The headset won’t be on the market for at least another year and that may be delayed due to the current supply chain issues. You can accuse me of hyperbole, but investors have reason to believe it will be worth the wait. The company has a history of exceeding expectations.
And after its stock split in 2020, AAPL stock sets up as a fairly inexpensive stock in the tech sector. The stock is trading right about at its consensus price target, but is likely to move higher if the company makes good on its pledge to launch its next iPhone on time. That would make now a good time to enter a position.
About Apple
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Read More - Current Price
- $242.79
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $235.68 (2.9% Downside)
