Apple Inc (AAPL)
NASDAQ: AAPL · IEX Real-Time Price · USD
212.49
-1.75 (-0.82%)
At close: Jun 14, 2024, 4:00 PM
212.45
-0.04 (-0.02%)
After-hours: Jun 14, 2024, 7:59 PM EDT

Apple Stock Forecast

Stock Price Forecast

The 28 analysts with 12-month price forecasts for Apple stock have an average target of 209.32, with a low estimate of 164 and a high estimate of 275. The average target predicts a decrease of -1.49% from the current stock price of 212.49.

Analyst Consensus: Buy
Target Low Average Median High
Price $164 $209.32 $210 $275
Change -22.82% -1.49% -1.17% +29.42%

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 Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 1212111099
Buy 111010111111
Hold 109109109
Sell 111111
Strong Sell 110000
Total 353332313130

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Erste Group
Erste Group
Strong Buy
Upgrades
n/a
Strong Buy Upgrades n/a n/a Jun 14, 2024
B of A Securities
B of A Securities
Strong Buy
Maintains
$230
Strong Buy Maintains $230 +8.24% Jun 12, 2024
DA Davidson
DA Davidson
Strong Buy
Upgrades
$200$230
Strong Buy Upgrades $200$230 +8.24% Jun 11, 2024
Barclays
Barclays
Sell
Reiterates
$164
Sell Reiterates $164 -22.82% Jun 11, 2024
UBS
UBS
Hold
Maintains
$190
Hold Maintains $190 -10.58% Jun 11, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
394.19B
from 383.29B
Increased by 2.84%
Revenue Next Year
419.53B
from 394.19B
Increased by 6.43%
EPS This Year
6.72
from 6.13
Increased by 9.64%
EPS Next Year
7.37
from 6.72
Increased by 9.67%
Year 2019202020212022202320242025202620272028
Revenue
260.17B274.52B365.82B394.33B383.29B394.19B419.53B443.99B461.09B484.02B
Revenue Growth
-2.04%5.51%33.26%7.79%-2.80%2.84%6.43%5.83%3.85%4.97%
EPS
2.973.285.616.116.136.727.378.118.969.64
EPS Growth
-0.34%10.44%71.04%8.91%0.33%9.64%9.67%9.96%10.55%7.57%
Forward PE
-----31.6228.8326.2223.7122.04
No. Analysts -----44442344
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 413.4B 457.8B 482.4B 499.5B 533.6B
Avg 394.2B 419.5B 444.0B 461.1B 484.0B
Low 370.7B 374.4B 388.8B 419.9B 432.0B

Revenue Growth

Revenue Growth 20242025202620272028
High
7.9%
16.1%
15.0%
12.5%
15.7%
Avg
2.8%
6.4%
5.8%
3.9%
5.0%
Low
-3.3%
-5.0%
-7.3%
-5.4%
-6.3%

EPS Forecast

EPS 20242025202620272028
High 7.27 8.30 9.19 10.12 11.31
Avg 6.72 7.37 8.11 8.96 9.64
Low 6.30 6.27 7.02 7.77 7.97

EPS Growth

EPS Growth 20242025202620272028
High
18.5%
23.4%
24.6%
24.9%
26.2%
Avg
9.6%
9.7%
10.0%
10.6%
7.6%
Low
2.8%
-6.7%
-4.8%
-4.1%
-11.1%
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.