Apple Hospitality REIT (APLE) Stock Forecast & Price Target

$15.00

+0.35 (+2.39%)

(As of 07/26/2024 ET)

Apple Hospitality REIT - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Apple Hospitality REIT in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 4 have given a hold rating, and 2 have given a buy rating for APLE.

Consensus Price Target

$17.40
16.04% Upside

High Forecast	$18.00
Average Forecast	$17.40
Low Forecast	$15.00

According to the 6 analysts' twelve-month price targets for Apple Hospitality REIT, the average price target is $17.40. The highest price target for APLE is $18.00, while the lowest price target for APLE is $15.00. The average price target represents a forecasted upside of 16.04% from the current price of $15.00.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$17.40	$17.83	$18.40	$18.50
Forecasted Upside	16.04% Upside	13.71% Upside	15.30% Upside	21.35% Upside

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APLE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

APLE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Apple Hospitality REIT Stock vs. The Competition

Type	Apple Hospitality REIT	Finance Companies	S&P 500
Consensus Rating Score	2.33	2.45	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	17.49% Upside	37.25% Upside	9.49% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/3/2024	Wedbush 3 of 5 stars	R. Anderson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$15.00	+3.88%
1/8/2024	Bank of America 4 of 5 stars		Downgrade	Buy ➝ Neutral	$19.00 ➝ $18.00	+6.76%
12/22/2023	Wells Fargo & Company 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$17.00 ➝ $18.00	+6.32%
9/27/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform
8/10/2023	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$19.00 ➝ $18.00	+17.49%
8/7/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$19.00 ➝ $18.00	+20.24%
7/5/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$19.00 ➝ $20.00	+29.28%
3/22/2023	Compass Point Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$22.00 ➝ $17.00	+13.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:21 PM ET.

APLE Forecast - Frequently Asked Questions

What is Apple Hospitality REIT's forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Apple Hospitality REIT is $17.40, with a high forecast of $18.00 and a low forecast of $15.00.
Should I buy or sell Apple Hospitality REIT stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Apple Hospitality REIT in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" APLE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in APLE, but not buy additional shares or sell existing shares.
Does Apple Hospitality REIT's stock price have much upside?: According to analysts, Apple Hospitality REIT's stock has a predicted upside of 10.80% based on their 12-month stock forecasts.
What analysts cover Apple Hospitality REIT?: Apple Hospitality REIT has been rated by research analysts at Wedbush in the past 90 days.
Do Wall Street analysts like Apple Hospitality REIT more than its competitors?: Analysts like Apple Hospitality REIT less than other "finance" companies. The consensus rating score for Apple Hospitality REIT is 2.33 while the average consensus rating score for "finance" companies is 2.44. Learn more on how APLE compares to other companies.