Apple Stock

The analyst expects things to get a whole lot better for the iPhone maker next year.

Citigroup expects sluggish iPhone demand to subside throughout the summer months.

The company's upcoming buybacks, services and China business will boost its shares.

Apple's Asian suppliers also saw a sharp drop today in their stock prices.

Apple's stock price has seen a 9% decline in just under four weeks.

Apple's surprisingly strong quarterly results and forecast pushed the iPhone maker's shares to a record high, helping the Dow Jones Industrial Average breach the 22,000 mark for the first time ever.

A bizarre computer glitch sent shares in dozens of US technology companies including Apple, Amazon and Microsoft to the same price on Tuesday morning, leading some to apparently lose billions in market value.

Mizuho Securities has reduced its price target for AAPL to $150 from $160 per share.

Leading analysts remain upbeat on Apple's stock price heading into the second half of 2017.

Apple stock received a price-target increase on Monday from RBC Capital Markets, which cited strong iPhone sales prospects, services business growth and "potential upside from Trumponomics."

Shares of Apple were maintained with a Buy rating with a price target of $160 from previous $140.

APPL rose nearly 1% today, briefly passing the previous record set in April 2015.