Apple Stock News: Report Claims Apple Stock May Fall 20% in 2015
Mizuho Securities Co Ltd analyst Abhey Lamba recently shared in a note that Apple Inc. shares could drop 20% as sales of the iPhone slow in the second half of the year and sales of the Apple Watch fail to make up for the decline. The analyst downgraded the stock from buy to neutral, with a $115 target price. Shares of the company have been falling this year, down 12% from their 52-week high signaling that Apple is in a correction.