Followed 1,048 Times Most-Downgraded Stocks Searched 740 Times

NASDAQ:AAPL

Apple - AAPL Stock Forecast, Price & News

$145.43

+1.14 (+0.79%)

(As of 02/1/2023 12:00 AM ET)

Add

Compare

Today's Range: $141.32
▼
$146.61
50-Day Range: $125.02
▼
$151.07
52-Week Range: $124.17
▼
$179.61

Volume: 76.74 million shs
Average Volume: 72.41 million shs
Market Capitalization: $2.30 trillion

P/E Ratio: 23.80
Dividend Yield: 0.64%
Price Target: $163.15

Institutional Ownership

Apple MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 12.2% Upside
$163.15 Price Target
Short Interest: Healthy
0.77% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.11
Upright™ Environmental Score
News Sentiment: 0.54
Based on 128 Articles This Week
Insider Trading: Selling Shares
$3 M Sold Last Quarter
Proj. Earnings Growth: 8.27%
From $6.17 to $6.68 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.95 out of 5 stars

Computer And Technology Sector

36th out of 630 stocks

Electronic Computers Industry

2nd out of 5 stocks

3.4

Analyst's Opinion

Consensus Rating
Apple has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 20 buy ratings, 5 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $163.15, Apple has a forecasted upside of 12.2% from its current price of $145.43.
Amount of Analyst Coverage
Apple has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
0.77% of the outstanding shares of Apple have been sold short.
Short Interest Ratio / Days to Cover
Apple has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Apple has recently decreased by 1.73%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
Apple has a dividend yield of 0.64%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Apple has been increasing its dividend for 11 years.
Dividend Coverage
The dividend payout ratio of Apple is 15.06%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Apple will have a dividend payout ratio of 13.77% next year. This indicates that Apple will be able to sustain or increase its dividend.

2.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Apple has received a 10.09% net impact score from Upright. Apple seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Smartphones", "Tablet computers", and "Laptops" products. See details.
Environmental Sustainability
The Environmental Impact score for Apple is -2.11.

3.1

News and Social Media Coverage

News Sentiment
Apple has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 128 news articles for Apple this week, compared to 47 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 18 reddit mentions for Apple this week, compared to 128 mentions on an average week.
Search Interest
733 people have searched for AAPL on MarketBeat in the last 30 days. This is an increase of 36% compared to the previous 30 days.
MarketBeat Follows
1031 people have added Apple to their MarketBeat watchlist in the last 30 days. This is an increase of 29% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Apple insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,004,144.00 in company stock.
Percentage Held by Insiders
Only 0.06% of the stock of Apple is held by insiders.
Percentage Held by Institutions
57.60% of the stock of Apple is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Apple are expected to grow by 8.27% in the coming year, from $6.17 to $6.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Apple is 23.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.29.
Price to Earnings Ratio vs. Sector
The P/E ratio of Apple is 23.80, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 407.98.
Price to Earnings Growth Ratio
Apple has a PEG Ratio of 1.85. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Apple has a P/B Ratio of 45.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Apple (NASDAQ:AAPL) Stock

Apple Inc. is among the world's most iconic brands. Founded on April 1, 1976, by Steve Jobs and Steve Wozniak, it is now the leading producer of consumer electronics and an economy all of its own. The was valued at over $2.6 trillion in 2022 and brought in $0.4 trillion in revenue making it equal in size to the economies of Thailand and Belgium which are ranked 24th and 23rd largest worldwide.

Founders Jobs and Wozniak, both college dropouts, founded the company with the idea of changing the way people looked at computers. Their vision coincided with a revolution within the PC industry and helped to create personal computing as we know it today. The company’s first product was a personal computer known as the Apple 1 but the product line has since evolved to include a wide range of desirable personal computing devices.

Tim Cook took over the role of CEO in 2011 shortly before the death of Steve Jobs. Cook joined the company in 1988 as Senior VP of Global Sales and went on to become Executive VP of Global Operations before taking on the chief executive role. In his tenure, Mr. Cook has more than doubled Apple’s revenue and earnings while growing the company’s value by more than 450%.

The company designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. Apple also provides and sells related platforms and services to power them and is the host of a widely-used digital ecosystem. The digital ecosystem revolves around the Apple App Store which lists thousands of games and applications for iOS users. The App Store also features digital content like music, TV, and movies as well as books, podcasts, and other forms of digital content.

Apple is headquartered in Apple Park, an ultra-modern campus built in Cupertino, California. The campus features a massive circular building nicknamed The Spaceship and provides working space for over 12,000 employees. The circular shape houses a park and a pond and there are many amenities within the facility including cafes, a wellness center, care clinics, and terminals for the shuttle system.

The company’s core product line has shifted away from computers over the years and towards iPhones and devices but computing is still fundamental to the business. In regard to iPhones, Apple’s products are routinely ranked as the top-selling in all comparisons. Other product lines include Mac (a line of computers), iPad (a line of tablets), AirPods (wifi-enabled earbuds), wearables like the Watch, home accessories such as Apple TV, and smart-home devices like the HomePod.

Finally, Apple provides AppleCare support services, cloud store services, and a host of other service offerings intended to simplify life. Among them are Apple News (subscription news), Apple TV+ (subscription TV with original content), Apple Card (consumer credit card), and Apple Pay (mobile cashless pay feature).

Apple computers and wifi-enabled smart devices are in demand by consumers, small and mid-sized businesses, the education sector, enterprises, and governments worldwide because they are high-quality, long-lasting, powerful devices. The company sells its products through an omnichannel network of DTC, wholesales, and eCommerce channels including mobile carriers, retailers, and resellers.

Receive AAPL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Apple and its competitors with MarketBeat's FREE daily newsletter.

AAPL Stock News Headlines

February 1, 2023 | marketbeat.com

Why This “RAVEN” 10%+ Dividend Strategy Will Win in 2023

February 1, 2023 | marketbeat.com

Apple and Google app stores get thumbs down from White House

The Biden administration is taking aim at Apple and Google for operating mobile app stores it says stifle competition

February 2, 2023 | Investor Place Media (Ad)

Cash Holders STILL Aren't Taking Steps to Prepare

Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.

January 31, 2023 | marketbeat.com

Apple-Apps-Top-10

The top 10 apps on the Apple Store for week ending 1/29/2023

January 30, 2023 | marketbeat.com

InterDigital Raises Its Earnings Guidance (AAPL)

Mobile and video technology development company InterDigital Inc. (NASDAQ: IDCC) stock has been on a four-week surge since breaking out of its weekly rectangle

January 30, 2023 | marketbeat.com

Can Yext A.I. Search Platform Drive Growth in 2023? (AAPL)

Enterprise artificial intelligence (A.I.) powered search platform provider Yext Inc. (NASDAQ: YEXT) stock has been rising as it implements its restructuring

January 28, 2023 | marketbeat.com

MarketBeat Week in Review – 1/23- 1/27 (AAPL)

Markets were pushing hard to continue the rally as.recession fears and layoff announcements offset two data points that suggest inflation may be easing

January 26, 2023 | marketbeat.com

Chevron Delights Shareholders with $75 Billion in Share Buybacks (AAPL)

Chevron Corporation's $75 billion share buyback program is a nice reward for shareholders of CVX stock the day before the company reports earnings

February 2, 2023 | Investor Place Media (Ad)

Cash Holders STILL Aren't Taking Steps to Prepare

January 26, 2023 | marketbeat.com

What Does Apple's Move to India Mean for Investors? (AAPL)

Apple could look to rapidly scale its production capabilities in India as it pivots away from China as a production base.

January 25, 2023 | marketbeat.com

Should You Bet Against The Nasdaq 100 With This Inverse ETF? (AAPL)

As big-tech layoffs pile up, more investors are betting against the sector, as evidenced by flows of $913.74 million into the ProShares UltraPro Short QQQ.

January 17, 2023 | marketbeat.com

Don't Miss These 2 Mid-Cap Techs That Broke Out Last Week (AAPL)

Apple component supplier mid-cap Jabil Inc. (NYSE: JBL) is up 14.24% in the past week as the stock broke out of a base that began in early December.

February 2, 2023 | americanbankingnews.com

Credit Suisse Group Analysts Give Apple (NASDAQ:AAPL) a $184.00 Price Target

February 2, 2023 | finance.yahoo.com

Apple’s Earnings Are Just Ahead. The Focus Will Be on iPhone Sales.

February 2, 2023 | benzinga.com

Apple Making Its Biggest Watch Even Bigger? Watch Out Next Year

February 1, 2023 | finance.yahoo.com

Biden’s plan to curb credit-card late fees could undercut Apple, Google app stores