Apple Inc (AAPL)
NASDAQ: AAPL · IEX Real-Time Price · USD
173.50
+4.20 (2.48%)
At close: Apr 29, 2024, 4:00 PM
173.86
+0.36 (0.21%)
Pre-market: Apr 30, 2024, 4:30 AM EDT
Stock Price Forecast
The 30 analysts with 12-month price forecasts for Apple stock have an average target of 204.6, with a low estimate of 158 and a high estimate of 250. The average target predicts an increase of 17.93% from the current stock price of 173.50.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $158 | $204.6 | $205 | $250 |
| Change | -8.93% | +17.93% | +18.16% | +44.09% |
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 |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $220 → $210 | Buy | Maintains | $220 → $210 | +21.04% | Apr 22, 2024 |
| Maxim Group | Maxim Group | Hold Initiates $178 | Hold | Initiates | $178 | +2.59% | Apr 17, 2024 |
| Needham | Needham | Strong Buy Reiterates $220 | Strong Buy | Reiterates | $220 | +26.80% | Apr 16, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $215 → $210 | Buy | Maintains | $215 → $210 | +21.04% | Apr 11, 2024 |
| Wedbush | Wedbush | Buy Reiterates $250 | Buy | Reiterates | $250 | +44.09% | Apr 9, 2024 |
Financial Forecast
Revenue This Year
395.24B
from 383.29B
Increased by 3.12%
from 383.29B
Revenue Next Year
420.97B
from 395.24B
Increased by 6.51%
from 395.24B
EPS This Year
6.68
from 6.13
Increased by 9.05%
from 6.13
EPS Next Year
7.29
from 6.68
Increased by 9.05%
from 6.68
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 260.17B | 274.52B | 365.82B | 394.33B | 383.29B | 395.24B | 420.97B | 441.52B | 513.00B | 552.44B |
| Revenue Growth | -2.04% | 5.51% | 33.26% | 7.79% | -2.80% | 3.12% | 6.51% | 4.88% | 16.19% | 7.69% |
| EPS | 2.97 | 3.28 | 5.61 | 6.11 | 6.13 | 6.68 | 7.29 | 7.87 | 8.96 | 10.04 |
| EPS Growth | -0.34% | 10.44% | 71.04% | 8.91% | 0.33% | 9.05% | 9.05% | 7.97% | 13.78% | 12.13% |
| No. Analysts | - | - | - | - | - | 41 | 39 | 18 | 4 | 4 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
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.
