Apple Inc. (AAPL)
NASDAQ: AAPL · Real-Time Price · USD
222.77
+0.11 (0.05%)
At close: Sep 12, 2024, 4:00 PM
223.26
+0.49 (0.22%)
Pre-market: Sep 13, 2024, 7:18 AM EDT
Stock Price Forecast
The 30 analysts with 12-month price forecasts for Apple stock have an average target of 241.47, with a low estimate of 180 and a high estimate of 300. The average target predicts an increase of 8.39% from the current stock price of 222.77.
Target | Low | Average | Median | High |
---|---|---|---|---|
Price | $180 | $241.47 | $250 | $300 |
Change | -19.20% | +8.39% | +12.22% | +34.67% |
Analyst Ratings
The average analyst rating for Apple stock from 32 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 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
---|---|---|---|---|---|---|
Strong Buy | 10 | 9 | 11 | 13 | 13 | 13 |
Buy | 11 | 11 | 11 | 9 | 9 | 9 |
Hold | 9 | 10 | 8 | 8 | 9 | 9 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 31 | 31 | 31 | 31 | 32 | 32 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
JP Morgan | JP Morgan | Buy Maintains $265 | Buy | Maintains | $265 | +18.96% | Sep 10, 2024 |
Oppenheimer | Oppenheimer | Buy Maintains $250 | Buy | Maintains | $250 | +12.22% | Sep 10, 2024 |
Piper Sandler | Piper Sandler | Hold Reiterates $225 | Hold | Reiterates | $225 | +1.00% | Sep 10, 2024 |
Wedbush | Wedbush | Buy Maintains $285 → $300 | Buy | Maintains | $285 → $300 | +34.67% | Sep 10, 2024 |
B of A Securities | B of A Securities | Strong Buy Maintains $256 | Strong Buy | Maintains | $256 | +14.92% | Sep 10, 2024 |
Financial Forecast
Revenue This Year
Increased by 3.86%
from 383.29B
Revenue Next Year
429.80B
from 398.09B
Increased by 7.96%
from 398.09B
EPS This Year
6.84
from 6.13
Increased by 11.54%
from 6.13
EPS Next Year
7.63
from 6.84
Increased by 11.55%
from 6.84
Fiscal Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | ||
---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Sep 28, 2019 | Sep 26, 2020 | Sep 25, 2021 | Sep 24, 2022 | Sep 30, 2023 | Sep 30, 2024 | Sep 30, 2025 | Sep 30, 2026 | ||
Revenue | 260.17B | 274.52B | 365.82B | 394.33B | 383.29B | 398.09B | 429.80B | 462.98B | ||
Revenue Growth | -2.04% | 5.51% | 33.26% | 7.79% | -2.80% | 3.86% | 7.96% | 7.72% | ||
EPS | 2.97 | 3.28 | 5.61 | 6.11 | 6.13 | 6.84 | 7.63 | 8.57 | ||
EPS Growth | -0.34% | 10.44% | 71.04% | 8.91% | 0.33% | 11.54% | 11.55% | 12.37% | ||
Forward PE | - | - | - | - | - | 32.58 | 29.21 | 25.99 | ||
No. Analysts | - | - | - | - | - | 46 | 46 | 28 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 413.8B | 464.0B | 523.5B | ||
Avg | 398.1B | 429.8B | 463.0B | ||
Low | 379.4B | 393.7B | 405.6B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 7.9% | 16.5% | 21.8% | ||
Avg | 3.9% | 8.0% | 7.7% | ||
Low | -1.0% | -1.1% | -5.6% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 7.09 | 8.40 | 10.19 | ||
Avg | 6.84 | 7.63 | 8.57 | ||
Low | 6.44 | 6.74 | 7.09 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 15.6% | 22.9% | 33.5% | ||
Avg | 11.5% | 11.6% | 12.4% | ||
Low | 5.0% | -1.4% | -7.1% |
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.