Apple Stock Price Forecasts: Analysts Predict Average Target of $235.41
Analysts' Price Targets
The 29 analysts with 12-month price forecasts for Apple stock have an average target of $235.41. The low estimate is $178, while the high estimate is $325.
Earnings and Revenue Estimates
In addition to price targets, analysts also provide estimates for earnings and revenue. The consensus EPS estimate for Apple's fiscal 2023 is $6.05, with a range of $5.85 to $6.25. The consensus revenue estimate is $394.3 billion, with a range of $385 billion to $405 billion.
Analyst Upgrades and Downgrades
In recent weeks, several analysts have upgraded or downgraded their Apple stock ratings. Goldman Sachs analyst Michael Ng raised his price target to $275, citing the company's strong results and positive outlook. Meanwhile, Morgan Stanley analyst Erik Woodring downgraded the stock to "equal-weight," citing concerns about competition in the smartphone market.
Conclusion
The analyst community is generally bullish on Apple stock, with an average price target of $235.41. However, there is some divergence of opinion, with some analysts being more optimistic than others. Investors should consider all of the available information before making a decision about whether or not to invest in Apple stock.
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