Apple Inc. (AAPL) Coverage
Market Overview
- Market Cap: $3,019.13 billion
- Current Price: $203.72 (+5.49%)
- Sector: Consumer Electronics
Analyst Ratings and Price Targets
- UBS
- Rating: Neutral (Reiterated)
- Price Target: $190 (unchanged)
- Performance: 58%
- Morningstar
- Rating: Underperform (Maintains)
- Price Target: $170
- Performance: 48%
- Needham & Company
- Rating: Buy (Reiterated)
- Price Target: $220 (unchanged)
- Performance: 46%
- Barclays
- Rating: Underweight (Reiterated)
- Price Target: $164 (unchanged)
- Performance: 90%
- D. A. Davidson & Co.
- Rating: Upgraded to Buy from Neutral
- Price Target: Raised from $200 to $230
- Performance: 92%
- Rosenblatt Securities
- Rating: Neutral (Reiterated)
- Price Target: $196 (unchanged)
- Performance: 82%
- STA Research
- Rating: Buy (Maintains)
- Price Target: $200
- Performance: 98%
Overall Sentiment
- Stock Target Advisor: Buy (Slightly Bullish)
Detailed Analysis
UBS
- Outlook: UBS has reiterated a neutral stance, maintaining their price target at $190. This indicates a cautious outlook, reflecting their belief that Apple’s current market price is fairly valued relative to its fundamentals and market conditions.
Morningstar
- Outlook: Morningstar maintains an underperform rating with a $170 price target. This suggests they expect Apple’s stock to underperform relative to the broader market, potentially due to perceived overvaluation or anticipated market challenges.
Needham & Company
- Outlook: Needham has reiterated its buy rating, with a price target of $220. This optimistic view highlights their confidence in Apple’s growth prospects and market position, suggesting they see the stock as undervalued at its current price.
Barclays
- Outlook: Barclays reiterates an underweight rating with a price target of $164. This indicates a bearish outlook, implying they believe Apple may face significant challenges or is overvalued, warranting a lower allocation in investment portfolios.
D. A. Davidson & Co.
- Outlook: D. A. Davidson & Co. has upgraded its rating from neutral to buy, raising the price target from $200 to $230. This reflects increased confidence in Apple’s future performance, likely due to recent positive developments or improved financial outlook.
Rosenblatt Securities
- Outlook: Rosenblatt Securities has reiterated a neutral rating with a $196 price target. This balanced view suggests they believe Apple’s stock is fairly valued, with no strong catalysts expected to significantly drive the price up or down.
STA Research
- Outlook: STA Research maintains a buy rating with a $200 price target. Their high performance rating of 98% indicates strong historical accuracy in their predictions, suggesting confidence in Apple’s continued growth and market strength.
APPLE Stock Forecast & Analysis
Analyst Consensus
- Number of Analysts: 27
- Average Target Price: $203.72 (over the next 12 months)
- Average Rating: Buy
- This consensus indicates a generally positive outlook among analysts, who believe the stock price will rise from its current level.
Stock Target Advisor Analysis
- Overall Sentiment: Slightly Bullish
- This sentiment is derived from a combination of technical and fundamental analysis.
- Positive Signals: 11
- Examples may include strong financial performance, market leadership, and positive earnings reports.
- Negative Signals: 5
- Examples may include potential market volatility, competition, or broader economic concerns.
Current Stock Price
- Last Closing Price: $193.12
- Reflects the most recent market valuation.
Recent Price Performance
- Past Week: -0.47%
- Indicates a slight decline, possibly due to short-term market fluctuations or specific news events.
- Past Month: +5.50%
- Shows a significant increase, suggesting recent positive developments or strong market sentiment.
- Past Year: +6.72%
- Demonstrates steady growth over the long term, indicative of sustained investor confidence and strong company performance.
Detailed Analysis
Analyst Target Price and Rating
- The average target price of $203.72 suggests that analysts see potential for Apple’s stock to rise approximately 5.49% from its last closing price of $193.12.
- A “Buy” rating from the majority of analysts indicates strong confidence in Apple’s future prospects. This rating reflects the company’s solid financial health, innovative product pipeline, and dominant market position.
Stock Target Advisor’s Analysis
- Slightly Bullish Outlook:
- The presence of 11 positive signals versus 5 negative signals indicates a favorable tilt. The positive signals could include factors such as robust earnings growth, market share expansion, and successful product launches.
- Negative signals may involve risks such as regulatory challenges, supply chain disruptions, or increasing competition.
Price Performance Metrics
- Short-term (Past Week): A slight decline of -0.47% may be due to temporary market corrections or specific news impacting investor sentiment.
- Medium-term (Past Month): A notable increase of +5.50% could be attributed to strong quarterly results, positive news about product developments, or favorable market conditions.
- Long-term (Past Year): A steady gain of +6.72% highlights Apple’s resilience and ability to generate consistent growth despite market volatility.
Conclusion
Overall, the stock forecast for Apple Inc. is positive, with analysts and Stock Target Advisor both showing confidence in its potential for appreciation. The company’s strong market fundamentals, coupled with positive recent performance, support a bullish outlook for the next 12 months. Investors should consider both the positive and negative signals identified in the analysis when making investment decisions.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
