Apple Inc (AAPL)
NASDAQ: AAPL · IEX Real-Time Price · USD
220.27
+3.52 (1.62%)
At close: Jul 2, 2024, 4:00 PM
219.38
-0.89 (-0.40%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Apple Stock Forecast
Stock Price Forecast
The 27 analysts with 12-month price forecasts for Apple stock have an average target of 217.41, with a low estimate of 164 and a high estimate of 275. The average target predicts a decrease of -1.30% from the current stock price of 220.27.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Apple stock from 30 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
---|---|---|---|---|---|---|
Strong Buy | 12 | 11 | 10 | 9 | 11 | 10 |
Buy | 10 | 10 | 11 | 11 | 11 | 11 |
Hold | 9 | 10 | 9 | 10 | 8 | 8 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
Total | 33 | 32 | 31 | 31 | 31 | 30 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
UBS | UBS | Hold Maintains $190 | Hold | Maintains | $190 | -13.74% | Jul 1, 2024 |
Needham | Needham | Strong Buy Reiterates $220 | Strong Buy | Reiterates | $220 | -0.12% | Jul 1, 2024 |
Oppenheimer | Oppenheimer | Buy Maintains $200 → $250 | Buy | Maintains | $200 → $250 | +13.50% | Jun 28, 2024 |
B of A Securities | B of A Securities | Strong Buy Maintains n/a | Strong Buy | Maintains | n/a | n/a | Jun 26, 2024 |
Rosenblatt | Rosenblatt | Hold → Strong Buy Upgrades $196 → $260 | Hold → Strong Buy | Upgrades | $196 → $260 | +18.04% | Jun 26, 2024 |
Financial Forecast
Revenue This Year
394.26B
from 383.29B
Increased by 2.86%
Revenue Next Year
419.96B
from 394.26B
Increased by 6.52%
EPS This Year
6.72
from 6.13
Increased by 9.63%
EPS Next Year
7.39
from 6.72
Increased by 9.90%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 413.4B | 457.8B | 482.4B | 507.7B | 542.0B |
Avg | 394.3B | 420.0B | 444.4B | 493.2B | 526.6B |
Low | 370.7B | 374.4B | 388.8B | 473.9B | 505.9B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 7.9% | 16.1% | 14.9% | 14.2% | 9.9% |
Avg | 2.9% | 6.5% | 5.8% | 11.0% | 6.8% |
Low | -3.3% | -5.0% | -7.4% | 6.6% | 2.6% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 7.27 | 8.30 | 9.19 | 10.45 | 11.72 |
Avg | 6.72 | 7.39 | 8.11 | 10.15 | 11.38 |
Low | 6.33 | 6.27 | 7.02 | 9.75 | 10.94 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 18.5% | 23.4% | 24.4% | 28.7% | 15.5% |
Avg | 9.6% | 9.9% | 9.9% | 25.1% | 12.2% |
Low | 3.3% | -6.7% | -5.0% | 20.2% | 7.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.