Our Apple Inc stock price forecast data is based on consensus analyst prediction, covering public companies earnings per share and revenue. View analyst opinion as to whether the stock is a strong buy, strong sell or hold, based on analyst 12-Month AAPL price targets. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25.25% per year. These returns cover a period from January 1, 1988 through December 6, 2021.
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Apple Stock Price Today Forecast Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Apple will report earnings next week on January 27 in what is the most anticipated of earnings releases by institutional and retail investors. Earnings per share is expected to come in at $1.89, while revenue is expected to reach $118.8 billion. However, ahead of the earnings release AppleInsider.com quotes a note from JPMorgan saying the investment bank expects Apple to beat consensus and break its holiday quarter records. The last set of earnings were good, but Apple did have supply chain issues and this will likely be the main area of focus for investors this time around.
JPMorgan sees iPhone shipments coming in at 83 million units while Wall street looks for 82 million. As of the time of this article, Apple is the largest company in the world by market capitalization, closing in on a valuation of $3 trillion. For the fiscal quarter ended Sept. 25, Apple reported 29% revenue growth year over year. The company generated 33% growth on the product side of the business driven by strong iPhone sales, and also reported 26% growth in services while wearables grew 13% year over year. What may be even more impressive than its revenue growth is the amount of cash that Apple generates; the company's trailing-12-month free cash flow is $93 billion. The gains come just five days before Apple is set to report its earnings results for the first quarter of the 2021 fiscal year.
Apple Fitness+ also launched last month and can be bundled with other services with Apple One. Innovation may be hard to define but, to borrow from former U.S. Supreme Court Justice Potter Stewart, you know it when you see it. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles, to a large degree - have moved overseas, where costs are lower. Yet the U.S. economy, prior to the pandemic, had expanded to record levels. Healthcare industry is mobilizing to improve COVID-19 testing, treatments and, ultimately, a vaccine.
A couple of statistics should help illustrate our point. GDP was approximately $1 trillion in 1930 but nearly $22 trillion in 2019. Meanwhile, the U.S. population has grown less than 3-times during that time span, to 320 million from 120 million.
The delta between GDP growth and population growth has been driven in large part by innovation. In addition, the value of listed corporations on U.S. stock exchanges at the end of 2018 was approximately $32 trillion, representing 41% of global equity market capitalization, while U.S. The Technology sector started slowly in 2021 as investors focused on value stocks.
The sector is the largest in the U.S. market and now accounts for more than 28% of the S&P 500. Over the long term, we expect the sector to benefit from pervasive digitization across the economy, greater acceptance of transformative technologies, and the development of the Internet of Things . Healthy company and sector fundamentals are also positive. For individual companies, these include high cash levels, low debt, and broad international business exposure.
We have an Over-Weight ranking on the Tech sector and think investors should look to allocate up to 30% of their diversified portfolios to the group. Here is how we use our analysts' Tech sector ideas in our Focus List and Model Portfolios. Apple also appears to be getting more Android customers to migrate to its ecosystem, noting that it saw strong double-digit growth in the number of people who switched in Q3. This is significantly positive, as Apple has done a good job locking in users and better monetizing them with pricier upgrades, new products, and services. While continued revenue growth and solid margin expansion should drive Apple's profits, shareholder returns could be magnified by Apple's massive stock buyback program.
For perspective, the company has bought back an average of 5% of its stock each year over the last five years. As AAPL stock took out that milestone, shares closed up more than 2% on Monday. Now, Apple price predictions are running hot as investors ponder its growth potential. Data by YChartsThis translates to over 3% of the current market cap.
Should the stock repurchases continue at the same rate, the effective yield based on today's price would be over 3.5%. The share buybacks also provide an underlying support for the share price. When shares dip, the company can provide a level of demand which will support the price.
The U.S. Department of Commerce last week announced that its third estimate for 1Q20 GDP growth was a rate of 6.4%. This was in line with the previous estimates and with the consensus outlook, and represents a robust recovery. The report also includes an inflation gauge, the PCE price index. We expect above-trend GDP growth for the next few quarters. Some segments of the economy are back to or above pre-pandemic highs.
These include consumer spending on durable and nondurable goods as well as investment into residential and intellectual property products. Other segments continue to lag, such as consumer spending on services, investment into structures, and exports. The U.S. Department of Commerce announced that its third estimate for 2Q21 GDP growth was a rate of 6.7%.
The GDP report also includes an inflation gauge, the PCE price index. Looking ahead, we expect above-trend GDP growth for the next few quarters. But there may be bumps along the way, including the impact of the delta variant on jobs and consumer spending on services, as well as supply-chain bottlenecks. Speaking of the employment environment, unemployment claims rose last week to 362,000, according to the Labor Department. This was the third consecutive week of rising claims.
Apple stock rose by 0.9% in trading this morning, but closed down 2.1%, at $175.74 per share. Talk of the $3 trillion mark came as JPMorgan updated its target share price for the company from $180 to $210, citing improved expectations around demand for the iPhone 13. Apple told suppliers earlier this month demand for the new phone had weakened, but iPhone sales in China were up by more than 6% in November compared to the previous year, boosting analysts' confidence in the stock. In a note, JPMorgan analysts wrote they believed Apple's stock was undervalued, and that the company's upcoming iPhone with 5G technology has the potential to convert more than 1 billion Android users. It is difficult to know what to make of iPhone sales forecasts.
In early December, Goldman Sachs warned of slowing demand. A week later, Wedbush checked in with a higher price target tied to "robust" iPhone demand. Dan Ives indicated that iPhone demand in China is strong and that the company could sell 15 million iPhone 13 upgrades there and 40 million overall during the holiday season.
Chip shortages have constrained supply, which has caused concern about lead times, however severe shortages that would affect sales do not seem to be coming to fruition. The iPhone is still the straw that stirs the drink at Apple, so the results over the next two quarters will be critical to success in fiscal 2022. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. The U.S. Department of Commerce announced that its "third" estimate for the 3Q20 GDP rate of growth was 33.4%.
This was in line with the previous estimates and with the consensus outlook, and represented a sharp spike higher from the 31.4% plunge in 2Q. After this reading, we expect that GDP reports going forward should settle into a low- to mid-single-digits rate. At $21.2 trillion, the U.S. economy at the end of 3Q was almost 3% below its pre-pandemic highs.
These segments consumer spending on durable and nondurable goods, and investment into residential and intellectual property products. Other segments continue to lag, such as consumer spending on services and investment into equipment. Healthcare industry is mobilizing to improve COVID-19 testing, treatments and vaccines. GDP was approximately $1 trillion in 1930 but nearly $22 trillion at the end of 2019. In addition, the value of listed corporations on U.S. stock exchanges at the end of 2020 was approximately $32 trillion, representing 41% of global equity market capitalization, while U.S.
Apple's currently quarterly revenue record is $91.8 billion, set in the first quarter of the 2020 fiscal year. In an investor note shared with MacRumors, Monness Crespi... This dynamic presents a conundrum for investors because Apple is generating healthy growth on both the products and services sides of its business. However, given the stock's year-to-date performance coupled with lingering concerns around inflation, it tempting for investors to trim their existing positions and lock in some gains. Considering the company revised its forecast for iPhone 13 downwards and the supply chain disruptions it is facing, it's hard to assess whether Apple has any upward momentum that could push the stock higher. The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor.
Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. Some discussions contain forward looking statements which are based on current expectations and differences can be expected.
Further, we expressly disclaim any responsibility to update such research. Past performance is not a guarantee of future results, and a loss of original capital may occur. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.
On average, Wall Street analysts predict that Apple's share price could reach $173.66 by Jan 14, 2023. The average Apple stock price prediction forecasts a potential upside of 5.56% from the current AAPL share price of $164.51. Stocks were mixed on Friday morning as investors weighed strong earnings reports from major technology companies and positive consumer spending data. The Commerce Department said that U.S. consumer spending rose 5.6% in June, down from 8.5% in May, but above the Reuters consensus forecast of 5.5% growth.
The Dow fell 0.5%, the S&P fell 0.1%, and the Nasdaq rose 0.7%. Crude oil rose slightly to $40 per barrel, while gold jumped $28 to $1970 per ounce. Manufacturing industries that dominated the economy decades ago - textiles, televisions, even automobiles to a large degree - have moved overseas, where costs are lower.
Yet the U.S. economy, even during the pandemic, has expanded to record levels. If U.S. corporations weren't innovating, the domestic economy would not be growing and capital would not be flooding into the country. GDP was approximately $1 trillion in 1930 but nearly $23 trillion at the end of 1H21. Meanwhile, the U.S. population has grown less than three-times during that time span, to 320 million from 120 million. The delta between GDP growth and population growth has been driven, in large part, by innovation.
In addition, the value of listed corporations on U.S. stock exchanges at the end of 2020 was approximately $41 trillion, according to SIFMA, representing 38% of global equity market capitalization, while U.S. The current low level of interest rates and the relatively high level of the dollar both attest to the confidence that global investors have in the innovative U.S. economy. The portal leoprophet.com is not responsible for the loss of your money as a result of your use of the information contained on the site, including data, quotes, charts and forecasts. Operations in the stock, foreign exchange and commodity markets involve a high level of risk, and you are solely responsible for your operations. Only speculate with money that you can afford to lose.
All prices and forecasts for stocks, indices, futures are indicative and should not be trade dependent. The portal is not responsible for any losses that you may incur as a result of using this data. For those of you who don't know, a price target is a projection of a price that stocks may carry within the next 12 or 18 months, depending on the company's valuation and the analyst's predictions and estimations.
This basically means Apple's stock price is estimated to grow and remain high for the next year. So what are the key trends that are likely to drive Apple's results? While Apple launched its latest iPhone 13 handsets in September, we don't expect the device to be a major driver of Apple's sales, as it was available for sale for just about a week in Q3. However, it's possible that Apple could be seeing some pressure on device supply, due to the ongoing semiconductor shortage. Apple's margins are also likely to trend higher on a year-over-year basis, driven by a growing mix of services revenues, higher average prices on iPhones, and other devices. See our interactive dashboard analysis onApple Pre-Earningsfor more details.
31 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apple in the last twelve months. There are currently 1 sell rating, 5 hold ratings, 23 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Apple stock. View analyst ratings for Apple or view top-rated stocks. We have published our latest version of the Argus Millennial Generation portfolio.
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