Apple Inc (AAPL)
NASDAQ: AAPL · IEX Real-Time Price · USD
192.25
+0.96 (0.50%)
At close: May 31, 2024, 4:00 PM
192.48
+0.22 (0.12%)
After-hours: May 31, 2024, 7:59 PM EDT
Stock Price Forecast
The 29 analysts with 12-month price forecasts for Apple stock have an average target of 207.03, with a low estimate of 164 and a high estimate of 275. The average target predicts an increase of 7.69% from the current stock price of 192.25.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $164 | $207.03 | $205 | $275 |
| Change | -14.69% | +7.69% | +6.63% | +43.04% |
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 11 | 12 | 12 | 11 | 10 | 9 |
| Buy | 13 | 11 | 10 | 10 | 11 | 11 |
| Hold | 10 | 10 | 9 | 10 | 9 | 10 |
| Sell | 0 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 0 | 0 | 0 |
| Total | 35 | 35 | 33 | 32 | 31 | 31 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Tigress Financial | Tigress Financial | Strong Buy Maintains $240 → $245 | Strong Buy | Maintains | $240 → $245 | +27.44% | May 30, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $230 | Strong Buy | Maintains | $230 | +19.64% | May 29, 2024 |
| Wedbush | Wedbush | Buy Maintains $250 → $275 | Buy | Maintains | $250 → $275 | +43.04% | May 24, 2024 |
| Wedbush | Wedbush | Buy Reiterates $250 | Buy | Reiterates | $250 | +30.04% | May 13, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $200 → $215 | Strong Buy | Maintains | $200 → $215 | +11.83% | May 3, 2024 |
Financial Forecast
Revenue This Year
Increased by 2.84%
from 383.29B
Revenue Next Year
419.53B
from 394.19B
Increased by 6.43%
from 394.19B
EPS This Year
6.72
from 6.13
Increased by 9.64%
from 6.13
EPS Next Year
7.37
from 6.72
Increased by 9.67%
from 6.72
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 260.17B | 274.52B | 365.82B | 394.33B | 383.29B | 394.19B | 419.53B | 443.99B | 461.09B | 484.02B |
| Revenue Growth | -2.04% | 5.51% | 33.26% | 7.79% | -2.80% | 2.84% | 6.43% | 5.83% | 3.85% | 4.97% |
| EPS | 2.97 | 3.28 | 5.61 | 6.11 | 6.13 | 6.72 | 7.37 | 8.11 | 8.96 | 9.64 |
| EPS Growth | -0.34% | 10.44% | 71.04% | 8.91% | 0.33% | 9.64% | 9.67% | 9.96% | 10.55% | 7.57% |
| No. Analysts | - | - | - | - | - | 44 | 44 | 23 | 4 | 4 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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.
