Apple's Stock Price: Analyst Forecasts
Recent Price Targets
Based on 12-month price targets from 28 analysts, Apple stock has an average target of $209.32, with a low of $135.00 and a high of $295.00. The average price target from 30 analysts for the short-term is $165.00.
Analysts' Consensus
Analysts have mixed opinions on Apple stock, with 12 rating it a "strong buy," 9 rating it a "buy," 5 rating it a "hold," 2 rating it a "sell," and none rating it a "strong sell." The consensus recommendation is a "buy."
Earnings Estimates
Analysts expect Apple to report earnings per share (EPS) of $1.29 for the current quarter, $1.42 for the next quarter, and $5.85 for the full year. These estimates have been revised slightly upward in recent weeks.
Revenue Estimates
Analysts also expect Apple to report revenue of $122.7 billion for the current quarter, $131.5 billion for the next quarter, and $577.3 billion for the full year. These estimates have also been revised slightly upward.
Conclusion
Apple's stock price is currently trading at $162.00, slightly below the average analyst target. Analysts are overall bullish on the stock, with most rating it a "buy." The company's strong earnings and revenue growth prospects are expected to continue in the coming quarters, providing support for the stock price. However, investors should be aware of the risks associated with investing in the stock market, and they should consult with a financial advisor before making any investment decisions.
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