Will Apple stock reach $700 again?
Indeed, Apple shares will never get back to $700, says The Economist.
In 2026, analysts predict Apple's stock to range from $250 to $300, starting at $250 and dipping to around $230 mid-year. By the end of the year, the stock is expected to fluctuate between $265 and $270.
Year | Median Price Prediction | Potential Low |
---|---|---|
2024 | $216 | $183 |
2025 | $237 | $199 |
2026 | $298 | $271 |
2030 | $561 | $460 |
It's impossible to say with certainty that Apple will reach $500 or $1,000 in the future. However, given Apple's historical success and the recent push to compete in new sectors could enable the company to establish new revenue streams that could propel its stock to new heights.
Apple Stock Forecast
The 30 analysts with 12-month price forecasts for Apple stock have an average target of 204.93, with a low estimate of 158 and a high estimate of 250. The average target predicts an increase of 24.20% from the current stock price of 165.00.
Those gains translate to a 36.6% compound annual growth rate for Apple compared to a 7.4% CAGR for the S&P 500 in that time. That means that $10,000 in AAPL stock purchased 20 years ago would be worth about $5.08 million today, assuming reinvested dividends.
After Apple's recent earnings report, 43 analysts projected the company's 2024 revenue to come in at $388.3 billion, similar to the previous 12 months. Predicted earnings per share stood at $6.55, also consistent with last year's results.
In 2030, the Apple stock will reach $ 712.32 if it maintains its current 10-year average growth rate. If this Apple stock prediction for 2030 materializes, AAPL stock will grow 331.71% from its current price.
To be clear, Apple looks like it has all the ingredients to continue as a great long-term investment. Growth may be more moderate than in times past, but the tech titan is highly profitable and doles out ample cash to shareholders.
Shares are approaching new highs as 2023 draws to a close. Apple (AAPL -1.22%) stock made an improbable run to all-time highs in 2023. The tech giant's shares approached $200 by mid-December, translating into an over 50% rally on the year.
Will Apple reach $400?
AAPL Stock: $400 Is Still Realistic for 2025
It's entirely possible as Apple clearly remains confident in its smartphone sales. Along with that, Apple could potentially generate strong revenue from MR headsets and PCs. So, despite ongoing challenges in China and elsewhere, there's no reason to bet against Apple.
Apple Inc(AAPL-Q) Frequently Asked Questions
50 analysts recommended to BUY the stock. 19 analysts recommended to SELL the stock.
It's unlikely Tesla's returns going forward will come anywhere near resembling the last five years. So, investors shouldn't expect a $1,000 price per share by the end of the decade.
Apple stock has received a consensus rating of buy. The average rating score is Aaa and is based on 67 buy ratings, 30 hold ratings, and 2 sell ratings. What was the 52-week low for Apple stock? The low in the last 52 weeks of Apple stock was 162.69.
Vanguard owns the most shares of Apple (AAPL).
If you had invested $1,000 in Apple stock on Jan. 24, 1984, today, you would have $1,593,809. Likewise, if you had invested $1,000 in an index fund replicating Nasdaq, you would have $55,090.
In other words, that $1,000 investment in 1980 would be worth more than $1.26 million today! But that's not all, because Apple has paid a dividend in several years since 1987. Assuming you never sold a single share along the way, you would've collected an additional $155,131 in dividend payments!
If you had invested $1,000 during Amazon's IPO in May 1997, your investment would be worth $1,341,000 as of August 31, according to CNBC calculations.
Of the 28 analysts covering Apple stock, 15 rate it as a “Strong Buy,” while 3 call it a “Moderate Buy.” Nine more analysts rate it as a “Hold,” while 1 says it's a “Strong Sell.”
Year | Mid-Year | Tod/End,% |
---|---|---|
2028 | $322 | +98% |
2029 | $356 | +127% |
2030 | $393 | +142% |
2031 | $409 | +152% |
Is Apple a buy in 2024?
After climbing 48% in 2023, Apple (NASDAQ: AAPL) stock has underperformed so far in 2024. The stock is down about 11% year to date, in part, due to worries regarding slowing iPhone sales in China. However, one Wall Street analyst sees this price dip as a buying opportunity.
Long-term retirement stocks: Apple (AAPL)
One of the best stocks for a retirement portfolio is the tech giant Apple (NASDAQ:AAPL). It enjoys the best position in the industry and has the finest products and services to offer. The one thing that sets Apple apart from the rest is its brand name and customer loyalty.
Based on those two decisions, it doesn't seem likely that Apple will choose to split its stock at its current level of around $200 a share. It has also been just three and a half years since its last split, and the shortest period between its stock splits has been nearly five years (2000 to 2005) so far.
Amazon could continue to grow faster than Apple through the end of the decade, but its valuations are a bit stretched. If Amazon maintains its current valuations, matches analysts' expectations, and grows its EPS at a CAGR of 20% from 2025 to 2030, its market cap would reach $5.5 trillion by the final year.
While it's difficult to find reasons not to like Apple's business, there's one important reason that investors should hesitate before buying the stock: valuation. As of this writing, shares trade at a price-to-earnings ratio of 29.8. This is significantly more expensive than Apple's trailing-10-year average of 20.8.
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