Apple Stock Forecast

Stock Price Forecast

The 29 analysts with 12-month price forecasts for Apple stock have an average target of 234.38, with a low estimate of 178 and a high estimate of 300. The average target predicts an increase of 7.53% from the current stock price of 217.96.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$178	$234.38	$240	$300
Change	-18.33%	+7.53%	+10.11%	+37.64%

Analyst Ratings

The average analyst rating for Apple stock from 31 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	12
Buy	10	10	11	11	11	10
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	31

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Srini Pajjuri Raymond James	Raymond James	Buy Maintains $200 → $250	Buy	Maintains	$200 → $250	+14.70%	Jul 26, 2024
William Power Baird	Baird	Buy Maintains $200 → $240	Buy	Maintains	$200 → $240	+10.11%	Jul 25, 2024
Tim Long Barclays	Barclays	Sell Maintains $164 → $187	Sell	Maintains	$164 → $187	-14.20%	Jul 24, 2024
Samik Chatterjee JP Morgan	JP Morgan	Buy Maintains $245 → $265	Buy	Maintains	$245 → $265	+21.58%	Jul 24, 2024
Rod Hall Goldman Sachs	Goldman Sachs	Strong Buy Maintains $238 → $265	Strong Buy	Maintains	$238 → $265	+21.58%	Jul 18, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

394.26B

from 383.29B

2.86%

from 383.29B

Revenue Next Year

419.96B

from 394.26B

6.52%

from 394.26B

EPS This Year

6.72

from 6.13

9.63%

from 6.13

EPS Next Year

7.39

from 6.72

9.90%

from 6.72

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	260.17B	274.52B	365.82B	394.33B	383.29B	394.26B	419.96B	444.43B	493.21B	526.56B
Revenue Growth	-2.04%	5.51%	33.26%	7.79%	-2.80%	2.86%	6.52%	5.83%	10.98%	6.76%
EPS	2.97	3.28	5.61	6.11	6.13	6.72	7.39	8.11	10.15	11.38
EPS Growth	-0.34%	10.44%	71.04%	8.91%	0.33%	9.63%	9.90%	9.87%	25.06%	12.16%
Forward PE	-	-	-	-	-	32.43	29.51	26.86	21.48	19.15
No. Analysts	-	-	-	-	-	43	43	22	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

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.