Apple Stock Analysis:
The average forecast and rating for Apple Inc’s stock from a group of 29 analysts. The average target price, or the price at which the analysts believe the stock will be traded in the next 12 months, is USD 168.45. The average analyst rating for the stock is “Buy,” which generally indicates that the analysts believe the stock will perform well and that it’s a good investment.
Stock Target Advisor, has its own analysis of Apple Inc’s stock which it calls “Bullish” which is based on the overall ratio of 10 positive signals and 4 negative signals. The current stock price at the time of the information, which was USD 130.73.
- Over the past month, the stock has gone down by -8.04%. This means that if an investor had bought the stock one month ago, their investment would have decreased by 8.04%.
- Over the last year, the stock has gone down by -24.08%. This means that if an investor had bought the stock one year ago, their investment would have decreased by 24.08%.
- Over the past week, the stock has gone up by +4.53%. This means that if an investor had bought the stock one week ago, their investment would have increased by 4.53%.
Analyst Coverage Changes:
The rating for Apple Inc’s stock by the investment bank Barclays is set at a “Equal-Weight,”, which is a neutral stance on the stock. It is neither bullish nor bearish, meaning that the bank’s analysts believe that the stock is neither undervalued nor overvalued and that it is expected to perform in line with the broader market. Barclays lowered the 12 month target price of the stock within the next 12 months to USD 133 form USD 144.
Recently, Sanford Bernstein lowered their target price for Apple Inc from USD 170 to USD 125 on 2023-01-09. This means that the analysts expect the stock to be traded within this price range in the next 12 months.
Wedbush maintain their rating for Apple Inc as “Outperform” with a target price range of USD 200 to USD 175 with last update on 2023-01-04, meaning that the bank’s analysts believe the stock will perform better than the market average.
BNP Paribas has downgraded their rating from “Outperform” to “Neutral” and set the target price at USD 140, as of 2023-01-03.
STA Research also maintain their rating as “Buy” and the target price at USD 160 as of 2023-01-03, meaning that the analysts believe the stock is undervalued and expected to increase in value in the future.
Morningstar Inc. maintains the rating as “Hold” and the target price as USD 133 as of 2022-12-23.
Positive Fundamentals of AAPL Stock:
- High market capitalization: Apple Inc is one of the largest entities in the technology sector and is among the top quartile of companies by market capitalization. This suggests that the company is a well-established and stable entity.
- Superior risk-adjusted returns: Apple Inc’s stock has performed well on a risk-adjusted basis, compared to its peers in the technology sector over a hold period of at least 12 months and is in the top quartile.
- Low volatility: The stock’s annual returns have been stable and consistent compared to its peers in the technology sector over a hold period of at least 12 months, and it is in the top quartile. This suggests that the stock is relatively less risky compared to its peers.
- Superior total returns: Apple Inc’s stock has outperformed its peers in the technology sector on average annual total returns basis in the past 5 years over a hold period of at least 12 months, and it is in the top quartile.
- Superior return on equity: The company management has delivered a better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
- Superior capital utilization: The company management has delivered a better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
- Superior return on assets: The company management has delivered a better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
- Positive cash flow: The company had positive total cash flow in the most recent four quarters.
- Positive free cash flow: The company had positive total free cash flow in the most recent four quarters.
- High Gross Profit to Asset Ratio: This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This measure is popular among value investors for showing superior returns in the long run.
About Apple:
Apple Inc. is a multinational technology company that designs, manufactures, and markets a variety of consumer electronics, computer software, and online services. The company is best known for its line of iPhones, which are among the most popular smartphones in the world. In addition to iPhones, Apple designs and sells a range of other products, including personal computers (Macs), tablets (iPads), wearables (Apple Watch, AirPods), and accessories. The company also offers various services that are designed to complement its hardware products, such as AppleCare support, the App Store, Apple Arcade, Apple Fitness+, Apple Music, Apple News+, Apple TV+, Apple Card, and Apple Pay.
Apple Inc. serves a diverse customer base, including individual consumers, small and mid-sized businesses, the education, enterprise, and government markets. The company distributes its products through a variety of channels, including its own retail and online stores, a direct sales force, and third-party cellular network carriers, wholesalers, retailers, and resellers.
The company was founded in 1976 and is headquartered in Cupertino, California. Its official address is One Apple Park Way, Cupertino, CA, United States, 95014. The company has grown significantly since its inception and is now one of the largest and most valuable companies in the world, with a wide range of products and services that are used by millions of people around the globe.
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.
