Apple Inc. (AAPL)

NASDAQ: AAPL · IEX Real-Time Price · USD

192.53

-1.05 (-0.54%)

At close: Dec 29, 2023, 4:00 PM

192.15

-0.38 (-0.20%)

After-hours: Dec 29, 2023, 7:59 PM EST

Apple Stock Forecast

Stock Price Forecast

According to 33 stock analysts, the average 12-month stock price forecast for Apple stock is $197.7, which predicts an increase of 2.69%. The lowest target is $120 and the highest is $250. On average, analysts rate Apple stock as a buy.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$120	$197.7	$200	$250
Change	-37.67%	+2.69%	+3.88%	+29.85%

Analyst Ratings

The average analyst rating for Apple stock from 35 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	Jul '23	Aug '23	Sep '23	Oct '23	Nov '23	Dec '23
Strong Buy	12	11	11	11	11	11
Buy	14	14	14	13	13	13
Hold	8	9	9	10	10	10
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	35	35	35	35	35	35

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Daniel Ives Wedbush	Wedbush	Buy Reiterates $250	Buy	Reiterates	$250	+29.85%	Dec 20, 2023
Daniel Ives Wedbush	Wedbush	Buy Maintains $240 → $250	Buy	Maintains	$240 → $250	+29.85%	Dec 11, 2023
Erik Woodring Morgan Stanley	Morgan Stanley	Buy Maintains $210 → $220	Buy	Maintains	$210 → $220	+14.27%	Dec 8, 2023
Daniel Ives Wedbush	Wedbush	Buy Reiterates $240	Buy	Reiterates	$240	+24.66%	Nov 24, 2023
Ivan Feinseth Tigress Financial	Tigress Financial	Strong Buy Maintains $225 → $240	Strong Buy	Maintains	$225 → $240	+24.66%	Nov 16, 2023

Full Analyst Rating History

Financial Forecast

Revenue This Year

404.51B

from 383.29B

5.54%

from 383.29B

Revenue Next Year

427.47B

from 404.51B

5.68%

from 404.51B

EPS This Year

6.69

from 6.13

9.16%

from 6.13

EPS Next Year

7.30

from 6.69

9.02%

from 6.69

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	260.17B	274.52B	365.82B	394.33B	383.29B	404.51B	427.47B	457.54B	513.00B	552.44B
Revenue Growth	-2.04%	5.51%	33.26%	7.79%	-2.80%	5.54%	5.68%	7.04%	12.12%	7.69%
EPS	2.97	3.28	5.61	6.11	6.13	6.69	7.30	7.99	8.96	10.04
EPS Growth	-0.34%	10.44%	71.04%	8.91%	0.33%	9.16%	9.02%	9.56%	12.04%	12.13%
No. Analysts	-	-	-	-	-	42	36	13	4	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	428.4B	466.3B	498.0B	538.2B	587.9B
Avg	404.5B	427.5B	457.5B	513.0B	552.4B
Low	372.7B	374.6B	412.5B	483.5B	512.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	11.8%	15.3%	16.5%	17.6%	14.6%
Avg	5.5%	5.7%	7.0%	12.1%	7.7%
Low	-2.8%	-7.4%	-3.5%	5.7%	-0.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	7.50	8.02	8.98	10.19	11.50
Avg	6.69	7.30	7.99	8.96	10.04
Low	5.49	6.19	6.92	7.70	8.57

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	22.3%	19.8%	23.1%	27.4%	28.4%
Avg	9.2%	9.0%	9.6%	12.0%	12.1%
Low	-10.5%	-7.4%	-5.2%	-3.6%	-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.