NASDAQ:AAPL

Apple - AAPL Stock Forecast, Price & News

$141.01

-1.90 (-1.33%)

(As of 12/7/2022 02:22 PM ET)

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Today's Range: $140.49
▼
$143.36
50-Day Range: $134.87
▼
$155.74
52-Week Range: $129.04
▼
$182.94

Volume: 2.56 million shs
Average Volume: 71.72 million shs
Market Capitalization: $2.24 trillion

P/E Ratio: 23.08
Dividend Yield: 0.63%
Price Target: $176.30

Apple MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.72 Rating Score
Upside/Downside: 25.1% Upside
$176.30 Price Target
Short Interest: Healthy
0.72% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -2.11
Upright™ Environmental Score
News Sentiment: 0.29
Based on 75 Articles This Week
Insider Trading: Selling Shares
$56.71 M Sold Last Quarter
Proj. Earnings Growth: 8.33%
From $6.24 to $6.76 Per Share

Overall MarketRank^™

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

3.03 out of 5 stars

Computer And Technology Sector

94th out of 625 stocks

Electronic Computers Industry

2nd out of 5 stocks

4.4

Analyst's Opinion

Consensus Rating
Apple has received a consensus rating of Buy. The company's average rating score is 2.72, and is based on 23 buy ratings, 6 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $176.30, Apple has a forecasted upside of 25.1% from its current price of $140.97.
Amount of Analyst Coverage
Apple has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.72% 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 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Apple has recently increased by 10.90%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
Apple has a dividend yield of 0.63%, 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 13.61% next year. This indicates that Apple will be able to sustain or increase its dividend.

2.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Apple has received a 9.63% 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.

1.8

News and Social Media Coverage

News Sentiment
Apple has a news sentiment score of 0.29. 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 is a lower news sentiment than the 0.44 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 75 news articles for Apple this week, compared to 43 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 96 reddit mentions for Apple this week, compared to 146 mentions on an average week.
Search Interest
Only 613 people have searched for AAPL on MarketBeat in the last 30 days. This is a decrease of -24% compared to the previous 30 days.
MarketBeat Follows
Only 916 people have added Apple to their MarketBeat watchlist in the last 30 days. This is a decrease of -5% 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 $56,707,789.00 in company stock.
Percentage Held by Insiders
Only 0.06% of the stock of Apple is held by insiders.
Percentage Held by Institutions
57.72% 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 8.33% in the coming year, from $6.24 to $6.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Apple is 23.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of Apple is 23.07, 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 347.71.
Price to Earnings Growth Ratio
Apple has a PEG Ratio of 1.88. 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 44.19. 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.

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