Is Apple still a good stock to buy? (2024)

Is Apple still a good stock to buy?

With its 3-star rating, we believe Apple's stock is fairly valued compared with our long-term fair value estimate of $160 per share. Our valuation implies a fiscal 2024 adjusted price/earnings multiple of 25 times, a fiscal 2024 enterprise value/sales multiple of 7 times, and a fiscal 2024 free cash flow yield of 4%.

Is Apple stock a good buy right now?

Apple has 21.12% upside potential, based on the analysts' average price target. Is AAPL a Buy, Sell or Hold? Apple has a conensus rating of Moderate Buy which is based on 16 buy ratings, 11 hold ratings and 2 sell ratings.

What will Apple shares be worth in 5 years?

Is Apple a good buy for 2024?

These assets should allow it to recover its growth momentum, along with help from its push deeper into the services niche. But does that mean Apple is a good buy for 2024 and beyond? The short answer is yes, but with some caveats.

Why is Apple stock losing value?

Its revenue expansion is stagnating, and the stock is underperforming the Nasdaq 100 by about 16 percentage points, the most to start a year since 2013. The company still generates massive revenues, but whether that can keep increasing at the pace investors have come to expect is an open question.

Is Apple stock projected to go up?

Apple Stock 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 23.15% from the current stock price of 166.15.

What is Apple's forecast for 2024?

After Apple's recent earnings report, 43 analysts projected the company's 2024 revenue to come in at $388.3 billion, similar to the previous 12 months. Predicted earnings per share stood at $6.55, also consistent with last year's results.

Is Apple a good long-term hold?

To be clear, Apple looks like it has all the ingredients to continue as a great long-term investment. Growth may be more moderate than in times past, but the tech titan is highly profitable and doles out ample cash to shareholders.

What is the most profitable stock in 5 years?

Can Apple stock reach $300?

In 2026, analysts predict Apple's stock to range from $250 to $300, starting at $250 and dipping to around $230 mid-year. By the end of the year, the stock is expected to fluctuate between $265 and $270.

Will Apple reach $400?

AAPL Stock: $400 Is Still Realistic for 2025

It's entirely possible as Apple clearly remains confident in its smartphone sales. Along with that, Apple could potentially generate strong revenue from MR headsets and PCs. So, despite ongoing challenges in China and elsewhere, there's no reason to bet against Apple.

Is Apple a long term stock?

The company has faced repeated hits to its business but has a promising long-term outlook. Apple (AAPL 0.64%) has had a challenging start to 2024, with its shares down 9% year to date. Macroeconomic headwinds caught up with the company last year, which led to four consecutive quarters of revenue declines.

Is Apple a buy or sell share?

Apple has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 21 buy ratings, 12 hold ratings, and 1 sell rating.

What was the cheapest Apple stock ever?

The lowest closing price for Apple (AAPL) all-time was $0.04, on July 8, 1982. The latest price is $166.16.

What is the problem with Apple stock?

Apple stock has fallen 14% so far this year while the S&P 500 has gained 4.6% as analysts have concerns over the company's struggles in China, a lack of clarity over new general artificial intelligence projects, and competition with lower priced offerings.

Has Apple stock ever lost money?

Shares of the company slid 4.1% Thursday, erasing about $113 billion in market value and taking their year-to-date loss back to 11%. Once the world's most valuable firm at more than $3 trillion, Apple has underperformed both the Nasdaq 100 and the S&P 500 in 2024.

Who owns the most Apple stock?

Arthur D.

Contrary to common belief, Tim Cook, Apple's CEO, is not the company's largest individual shareholder. Arthur Levinson is Apple's largest individual shareholder, owning 4.43 million shares as of February 2024.

Who is the largest shareholder of Apple?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Berkshire Hathaway Inc, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Fmr Llc, Morgan Stanley, and Price T Rowe Associates Inc /md/ .

Is Tesla a buy sell or hold?

Is Tesla stock a Buy, Sell or Hold? Tesla stock has received a consensus rating of buy. The average rating score is and is based on 45 buy ratings, 32 hold ratings, and 16 sell ratings.

Will Apple stock reach $700 again?

Indeed, Apple shares will never get back to $700, says The Economist.

How much will Apple stock be worth in 10 years?

Apple Stock Prediction 2030

In 2030, the Apple stock will reach $ 725.58 if it maintains its current 10-year average growth rate. If this Apple stock prediction for 2030 materializes, AAPL stock will grow 331.71% from its current price.

How much will Tesla stock be worth in 2025?

Projections for the TSLA rate in 2025 vary significantly among analysts, with estimates ranging from a stock price above $300 to $3,000 per share. These projections are based on various factors and assumptions, including Tesla's market performance, EBITDA margins, and the broader electric vehicle market.

What does Cramer say about Apple?

“I just got a whole brand spanking new reason to buy Apple, don't trade it,” he said. “I know a loser case when I see one, and the United States of America versus Apple is a loser.”

Which stock will make you rich in 2024?

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