Market News / Story
Apple Stocks Stay Flat as Citi Keeps a $365 Target
GuruFocus ·
GuruFocus reports: Apple , the consumer-device and services giant, stay flat at $336.61 as of approximately 10:39 a.m. ET on October 8. Citi reiterated its Buy rating and $365 price target ahead of fiscal fourth-quarter earnings, according to StreetInsider. That leaves roughly 8.4% upside. A vote of confidence, but no higher target to lift the bar. The earnings test comes down to how much growth Apple can sustain. The company reported fiscal third-quarter revenue of $109.4 billion, a 16%…