- Apple's stock has plummeted by more than 27% in the current year, significantly impacting its value in the Dow Jones Industrial Average.
- Analysts remain optimistic, predicting an average price target indicating a potential upside of over 32%.
- The stock holds an "Outperform" status according to brokerage firms, with a GF Value suggesting a fair valuation increase potential.
Apple Inc. (AAPL, Financial), a leader in market capitalization, has experienced a noteworthy decline in its stock price, dropping by 27.54% this year. This makes it the largest loser among the Dow Jones Industrial Average constituents, aligning with a broader market trend where nine out of 30 Dow stocks have shed 20% or more of their value year-to-date.
Wall Street's Future Outlook on Apple
According to price targets set by 42 financial analysts, the average target price for Apple Inc. (AAPL, Financial) is forecasted at $245.59. This includes a high projection of $300.00 and a low of $175.00. The average target price hints at a potential upside of 32.33% from the current trading price of $185.59. For more detailed projections, explore our Apple Inc. (AAPL) Forecast page.
The consensus from 47 brokerage firms gives Apple Inc. (AAPL, Financial) an average recommendation score of 2.2, leaning towards an "Outperform" rating. Their guidance scale stretches from 1, indicating a Strong Buy, to 5, meaning Sell.
Assessing Apple's Intrinsic Value
GuruFocus estimates place Apple's one-year GF Value at $207.76. This estimate indicates a promising potential upside of 11.94% from the current price of $185.59. The GF Value represents the fair price this stock should be traded at, derived from historical trading multiples and business growth projections. For more comprehensive insights, visit the Apple Inc. (AAPL, Financial) Summary page.
