Apple Inc. (AAPL)
NASDAQ: AAPL · Real-Time Price · USD
221.69
-5.11 (-2.25%)
At close: Oct 7, 2024, 4:00 PM
222.01
+0.32 (0.14%)
After-hours: Oct 7, 2024, 4:42 PM EDT
Apple Stock Forecast
Stock Price Forecast
The 31 analysts with 12-month price forecasts for Apple stock have an average target of 240.71, with a low estimate of 180 and a high estimate of 300. The average target predicts an increase of 8.58% from the current stock price of 221.69.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Apple stock from 33 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 11 | 13 | 13 | 13 | 13 |
| Buy | 11 | 11 | 9 | 9 | 8 | 8 |
| Hold | 10 | 8 | 8 | 9 | 10 | 11 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 31 | 31 | 31 | 32 | 32 | 33 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy → Hold Initiates $205 → $213 | Strong Buy → Hold | Initiates | $205 → $213 | -3.96% | Oct 7, 2024 |
| B of A Securities | B of A Securities | Strong Buy Reiterates $256 | Strong Buy | Reiterates | $256 | +15.48% | Oct 3, 2024 |
| Barclays | Barclays | Sell Maintains $186 | Sell | Maintains | $186 | -16.10% | Oct 1, 2024 |
| New Street Research | New Street Research | Hold Reiterates $225 | Hold | Reiterates | $225 | +1.49% | Sep 25, 2024 |
| Needham | Needham | Strong Buy Reiterates $260 | Strong Buy | Reiterates | $260 | +17.28% | Sep 24, 2024 |
Financial Forecast
Revenue This Year
398.18B
from 383.29B
Increased by 3.89%
Revenue Next Year
430.12B
from 398.18B
Increased by 8.02%
EPS This Year
6.84
from 6.13
Increased by 11.54%
EPS Next Year
7.63
from 6.84
Increased by 11.55%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 413.8B | 464.0B | 523.5B | ||
| Avg | 398.2B | 430.1B | 463.9B | ||
| Low | 379.4B | 393.7B | 405.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.9% | 16.5% | 21.7% | ||
| Avg | 3.9% | 8.0% | 7.9% | ||
| Low | -1.0% | -1.1% | -5.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.09 | 8.40 | 10.19 | ||
| Avg | 6.84 | 7.63 | 8.57 | ||
| Low | 6.44 | 6.74 | 7.09 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.6% | 22.9% | 33.5% | ||
| Avg | 11.5% | 11.6% | 12.4% | ||
| Low | 5.0% | -1.4% | -7.1% |
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.