Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
Apple stock last closed at $169.30, down 0.35% from the previous day, and has increased 3.38% in one year. It has overperformed other stocks in the Consumer Electronics industry by 0.09 percentage points. Apple stock is currently +3.18% from its 52-week low of $164.08, and -15.19% from its 52-week high of $199.62.
As of Apr 26, 2024, there are 15.44B shares of AAPL outstanding. The market capitalization of AAPL is $2.61T. In the past 24 hours, 44.52M AAPL shares were traded.
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After you have figured out the best place to buy Apple stock, it's critical to research their stock prior to buying, so you truly wrap your head around the risk and upside.
WallStreetZen was built to help part-time investors do better fundamental analysis quickly.
You can see all of the due diligence checks on AAPL's stock page.
Investors use many financial metrics, analyses, models, and charts to gauge AAPL's fair value.
Using relative valuations ratios:
You can do more valuation research on AAPL's stock here.
Out of 16 Equities analysts who give recommendations on AAPL, the consensus analyst rating on Apple is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Ananda Baruah, a top 10% analyst from Loop Capital maintains AAPL with a hold rating and lowers their AAPL price target from $185.00 to $170.00, on Apr 1, 2024.
Loop Capital's Ananda Baruah lowered their price target on Apple (NASDAQ: AAPL) by 8.1% from $185 to $170 on 2024/04/01. The analyst maintained their Hold rating on the stock.
Baruah reported that Loop Capital's recent supply chain study suggests that for the first time since 2016, Apple's revenue will decline in 2024.
Their firm's downgrade of the stock in 2023/05 "is being manifested in real time amid a softening longer-arc of overall iPhone demand," the analyst continued.
Baruah detailed that iPhone shipments are "simply too soft" because of weak organic demand and competition from Huawei and Xiaomi, which are making a "material impact."
Apple stock is not "expensive per se," the analyst said, but it is not "screaming cheap" either.
Ingo Wermann, a bottom 16% analyst from DZ Bank downgrades AAPL to a hold rating and announces their AAPL price target of $180.00, on Mar 28, 2024.
David Vogt, a top 17% analyst from UBS reiterates AAPL with a hold rating and maintains their AAPL price target from $190.00 to $190.00, on Mar 25, 2024.
Wamsi Mohan, a top 6% analyst from Bank of America reiterates AAPL with a strong buy rating and maintains their AAPL price target from $225.00 to $225.00, on Mar 12, 2024.
Barton Crockett, a top 11% analyst from Rosenblatt reiterates AAPL with a hold rating and maintains their AAPL price target from $189.00 to $189.00, on Mar 5, 2024.
You can dig deeper into what analysts are projecting on the Apple stock forecast page.
Last year, AAPL earnings were $100.91B. During the last five year, AAPL's earnings have gone up by 16.08% per year. This was faster than the Consumer Electronics industry average of 15.29%.
Last year, AAPL revenue was $385.71B. In the last five year, AAPL's revenue has grown by 8.07% per year. This was faster than the Consumer Electronics industry average of 7.84%.
Find out more about AAPL's earnings and revenue performance here.
In the last year, insiders at AAPL have sold more shares than they have bought.
Chris Kondo, Principal Accounting Officer of AAPL, was the latest AAPL insider to sell. They sold $538,792.80 worth of AAPL shares on Apr 15, 2024.
Research more about who owns AAPL stock here.
Apple pays a dividend of 0.57%, compared to the Consumer Electronics industry's average dividend yield of 0.57%. If you owned $1,000 of AAPL stock, you would have been paid $5.67 in the past year.
Apple dividend payments have consistently grown over the past decade but have not remained stable.
Find more info about Apple dividend yield and history here.
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Now that you own some shares in AAPL, you'll want to stay up-to-date on your new investment.
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To summarize, here are the 6 steps to buy stock in Apple:
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