Apple may be the safest technology stock in the next 6 months – Gene Munster

Gene Munster, managing partner at Deepwater Asset Management, said Wednesday that he remains bullish on Apple (NASDAQ:AAPL) even though the current financial crisis is crippling the entire market.

“No company is immune, but I think Apple is It’s probably the safest place to go, at least for the next six months,” Munster said in an interview with CNBC. The comments came as AAPL supplier Foxconn. He warned about the need for smart electricity earlier today.

Looking back at Apple’s latest margin guidance, Munster praised the iPhone maker’s performance compared to its Big Tech rivals for navigating the current tide.

Munster said the tech giant plans to increase spending with its suppliers by 16 percent.

“It’s been a bit of a head lie again in the near term,” Munster said of the inflation in tech stocks. He confirmed earlier predictions of “tough times” for tech stocks in the first six months and a “big year” in the latter half of 2023 and 2024.

“Apple should be a $250 stock,” Munster said in January. AAPL ended the session at $152.68 on Wednesday, up part time. So far this year, AAPL has earned more than 20%.

Munster is one of a group of bulls on Apple ( AAPL ) that gets the consensus from Wall Street analysts. However, the stock received Alpha’s quant rating system from seeking a Hold rating.

Read the latest analysis of the stock here.