Apple bears may have knocked off roughly a quarter of the company's stock price since September, but R.W. Baird senior analyst Will Power still sees value in the beaten-up tech giant due to "very good" demand.
"We continue to like Apple," Power said Monday. "That's our top pick and, really, I guess our refrain has been the more things change, the more they stay the same. We like Apple on the weakness."
Power's research team has an "outperform" rating and a $750 price target on the company's shares. Since peaking in mid-September at $705 per share on optimism surrounding the iPhone 5 release, the company's shares have plummeted to about $521.