Apple Inc (AAPL) Stock Forecast & Price Targets - Stock Analysis (2024)

Apple Inc (AAPL)

NASDAQ: AAPL · IEX Real-Time Price · USD

169.71

-1.14 (-0.67%)

At close: Mar 26, 2024, 4:00 PM

169.85

+0.14 (0.08%)

After-hours: Mar 26, 2024, 7:06 PM EDT

Stock Price Forecast

The 30 analysts with 12-month price forecasts for Apple stock have an average target of 206.17, with a low estimate of 158 and a high estimate of 250. The average target predicts an increase of 21.48% from the current stock price of 169.71.

Target Low Average Median High
Price $158 $206.17 $205 $250
Change -6.90% +21.48% +20.79% +47.31%

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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111111121211
Buy 131313111010
Hold 1010101099
Sell 000111
Strong Sell 111110
Total 353535353331

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date

UBS

UBS

Hold

Reiterates

$190

Hold Reiterates $190 +11.96% Mar 25, 2024

Morgan Stanley

Morgan Stanley

Buy

Reiterates

$220

Buy Reiterates $220 +29.63% Mar 22, 2024

Wedbush

Wedbush

Buy

Reiterates

$250

Buy Reiterates $250 +47.31% Mar 21, 2024

B of A Securities

B of A Securities

Strong Buy

Reiterates

$225

Strong Buy Reiterates $225 +32.58% Mar 12, 2024

Rosenblatt

Rosenblatt

Hold

Reiterates

$189

Hold Reiterates $189 +11.37% Mar 5, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

395.95B

from 383.29B

Increased by 3.31%

from 383.29B

Revenue Next Year

421.60B

from 395.95B

Increased by 6.48%

from 395.95B

EPS This Year

6.69

from 6.13

Increased by 9.20%

from 6.13

EPS Next Year

7.31

from 6.69

Increased by 9.20%

from 6.69

Year 2019202020212022202320242025202620272028
Revenue 260.17B274.52B365.82B394.33B383.29B395.95B421.60B441.87B513.00B552.44B
Revenue Growth -2.04%5.51%33.26%7.79%-2.80%3.31%6.48%4.81%16.10%7.69%
EPS 2.973.285.616.116.136.697.317.888.9610.04
EPS Growth -0.34%10.44%71.04%8.91%0.33%9.20%9.20%7.74%13.72%12.13%
No. Analysts -----42401844

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 418.1B 456.4B 488.5B 538.2B 587.9B
Avg 396.0B 421.6B 441.9B 513.0B 552.4B
Low 369.7B 379.2B 390.7B 483.5B 512.8B

Revenue Growth

Revenue Growth 20242025202620272028
High

9.1%

15.3%

15.9%

21.8%

14.6%

Avg

3.3%

6.5%

4.8%

16.1%

7.7%

Low

-3.5%

-4.2%

-7.3%

9.4%

-0.0%

EPS Forecast

EPS 20242025202620272028
High 7.27 8.09 8.88 10.19 11.50
Avg 6.69 7.31 7.88 8.96 10.04
Low 6.17 6.42 7.02 7.70 8.57

EPS Growth

EPS Growth 20242025202620272028
High

18.5%

20.8%

21.5%

29.3%

28.4%

Avg

9.2%

9.2%

7.7%

13.7%

12.1%

Low

0.7%

-4.1%

-4.0%

-2.2%

-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.

Apple Inc (AAPL) Stock Forecast & Price Targets - Stock Analysis (2024)
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