Apple Inc (AAPL)
NASDAQ: AAPL · IEX Real-Time Price · USD
166.84
-1.16 (-0.69%)
Apr 18, 2024, 2:47 PM EDT - Market open
Apple Stock Forecast
Stock Price Forecast
The 30 analysts with 12-month price forecasts for Apple stock have an average target of 204.93, with a low estimate of 158 and a high estimate of 250. The average target predicts an increase of 22.83% from the current stock price of 166.84.
Analyst Consensus: Buy
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 11 | 12 | 12 | 11 | 10 |
| Buy | 13 | 13 | 11 | 10 | 10 | 10 |
| Hold | 10 | 10 | 10 | 9 | 10 | 10 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 0 | 0 |
| Total | 35 | 35 | 35 | 33 | 32 | 31 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Maxim Group | Maxim Group | Hold Initiates $178 | Hold | Initiates | $178 | +6.69% | Apr 17, 2024 |
| Needham | Needham | Strong Buy Reiterates $220 | Strong Buy | Reiterates | $220 | +31.86% | Apr 16, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $215 → $210 | Buy | Maintains | $215 → $210 | +25.87% | Apr 11, 2024 |
| Wedbush | Wedbush | Buy Reiterates $250 | Buy | Reiterates | $250 | +49.84% | Apr 9, 2024 |
| Loop Capital | Loop Capital | Hold Maintains $185 → $170 | Hold | Maintains | $185 → $170 | +1.89% | Apr 1, 2024 |
Financial Forecast
Revenue This Year
395.24B
from 383.29B
Increased by 3.12%
Revenue Next Year
420.97B
from 395.24B
Increased by 6.51%
EPS This Year
6.68
from 6.13
Increased by 9.05%
EPS Next Year
7.29
from 6.68
Increased by 9.05%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 416.9B | 456.4B | 488.5B | 538.2B | 587.9B |
| Avg | 395.2B | 421.0B | 441.5B | 513.0B | 552.4B |
| Low | 368.7B | 379.2B | 388.8B | 483.5B | 512.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.8% | 15.5% | 16.0% | 21.9% | 14.6% |
| Avg | 3.1% | 6.5% | 4.9% | 16.2% | 7.7% |
| Low | -3.8% | -4.1% | -7.6% | 9.5% | -0.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.25 | 8.09 | 8.88 | 10.19 | 11.50 |
| Avg | 6.68 | 7.29 | 7.87 | 8.96 | 10.04 |
| Low | 6.17 | 6.38 | 7.02 | 7.70 | 8.57 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.2% | 20.9% | 21.9% | 29.4% | 28.4% |
| Avg | 9.0% | 9.1% | 8.0% | 13.8% | 12.1% |
| Low | 0.7% | -4.6% | -3.7% | -2.1% | -4.4% |
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.