Apple (AAPL) Stock Forecast, Price Target & Predictions
AAPL Stock Forecast
Apple stock forecast is as follows: an average price target of $234.48 (represents a 5.19% upside from AAPL’s last price of $222.91) and a rating consensus of 'Buy', based on 45 wall street analysts offering a 1-year stock forecast.
AAPL Price Target
The average price target for Apple (AAPL) is $234.48 based on 1-year price targets from 45 Wall Street analysts in the past 3 months, with a price target range of $643.00 to $140.00. This represents a potential 5.19% upside from AAPL's last price of $222.91.
AAPL Analyst Ratings
According to 45 Wall Street analysts, Apple's rating consensus is 'Buy'. The analyst rating breakdown for AAPL stock is 1 'Strong Buy' (2.22%), 28 'Buy' (62.22%), 14 'Hold' (31.11%), 2 'Sell' (4.44%), and 0 'Strong Sell' (0.00%).
Apple Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Edison Lee | Jefferies | $212.92 | $235.00 | -9.40% | -4.48% |
| Oct 04, 2024 | David Vogt | UBS | $236.00 | $225.67 | 4.58% | 5.87% |
| Sep 30, 2024 | Samik Chatterjee | J.P. Morgan | $265.00 | $233.00 | 13.73% | 18.88% |
| Sep 23, 2024 | Barton Crockett | Rosenblatt Securities | $643.00 | $226.47 | 183.92% | 188.46% |
| Sep 10, 2024 | Daniel Ives | Wedbush | $300.00 | $220.91 | 35.80% | 34.58% |
| Sep 04, 2024 | Michael Ng | Goldman Sachs | $276.00 | $220.39 | 25.23% | 23.82% |
| Sep 03, 2024 | Toni Sacconaghi | Bernstein | $240.00 | $224.20 | 7.05% | 7.67% |
| Aug 28, 2024 | Ivan Feinseth | Tigress Financial | $295.00 | $226.87 | 30.03% | 32.34% |
| Aug 27, 2024 | Daniel Ives | Wedbush | $285.00 | $228.52 | 24.72% | 27.85% |
| Aug 27, 2024 | Ben Reitzes | Melius Research | $265.00 | $228.67 | 15.89% | 18.88% |
The latest Apple stock forecast, released on Oct 21, 2024 by Edison Lee from Jefferies, set a price target of $212.92, which represents a -9.40% decrease from the stock price at the time of the forecast ($235.00), and a -4.48% decrease from AAPL last price ($222.91).
Apple Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 13 | 46 |
| Avg Price Target | $224.46 | $291.46 | $243.28 |
| Last Closing Price | $222.91 | $222.91 | $222.91 |
| Upside/Downside | 0.70% | 30.75% | 9.14% |
In the current month, the average price target of Apple stock is $224.46, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 0.70% increase as opposed to Apple's last price of $222.91. This month's average price target is down -22.99% compared to last quarter, and down -7.74% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 29, 2024 | Barclays | Underweight | Underweight | Hold |
| Oct 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Oct 23, 2024 | UBS | Neutral | Neutral | Hold |
| Oct 23, 2024 | Bernstein | Outperform | Outperform | Hold |
| Oct 21, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Oct 21, 2024 | Jefferies | Hold | Hold | Hold |
| Oct 15, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Oct 14, 2024 | J.P. Morgan | Overweight | Overweight | Hold |
| Oct 11, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Oct 08, 2024 | KeyBanc | Negative | Neutral | Upgrade |
Apple's last stock rating was published by Barclays on Oct 29, 2024. The company gave AAPL a "Underweight" rating, the same as its previous rate.
Apple Financial Forecast
Apple Revenue Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $94.93B | $85.78B | $90.75B | $119.58B | $89.50B | $81.80B | $94.84B | $117.15B | $90.15B | $82.96B | $97.28B | $123.94B | $83.36B | $81.43B | $89.58B | $111.44B | $64.70B | $59.69B |
| Avg Forecast | $106.22B | $93.24B | $100.16B | $129.71B | $107.38B | $96.80B | $103.16B | $133.80B | $101.06B | $91.22B | $96.67B | $125.12B | $94.51B | $84.43B | $90.37B | $117.99B | $89.34B | $81.79B | $92.91B | $121.33B | $88.74B | $82.79B | $94.03B | $119.00B | $85.05B | $73.33B | $77.09B | $103.27B | $63.80B | $52.29B |
| High Forecast | $109.99B | $96.54B | $103.71B | $134.31B | $111.18B | $100.23B | $106.81B | $138.54B | $104.64B | $94.45B | $100.78B | $128.87B | $94.66B | $84.43B | $90.37B | $119.69B | $92.22B | $84.69B | $96.20B | $125.63B | $88.74B | $82.79B | $94.03B | $119.00B | $85.05B | $73.33B | $77.09B | $103.27B | $63.80B | $52.29B |
| Low Forecast | $102.15B | $89.66B | $96.32B | $124.73B | $103.26B | $93.08B | $99.20B | $128.67B | $97.18B | $87.72B | $91.79B | $122.47B | $94.36B | $84.43B | $90.37B | $116.94B | $87.89B | $78.66B | $89.34B | $116.68B | $88.74B | $82.79B | $94.03B | $119.00B | $85.05B | $73.33B | $77.09B | $103.27B | $63.80B | $52.29B |
| # Analysts | 7 | 13 | 7 | 7 | 7 | 9 | 7 | 6 | 10 | 6 | 14 | 16 | 15 | 5 | 4 | 9 | 24 | 19 | 12 | 11 | 15 | 11 | 15 | 12 | 12 | 12 | 12 | 20 | 7 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 1.00% | 1.01% | 1.00% | 1.00% | 1.02% | 0.97% | 1.02% | 1.00% | 1.03% | 1.04% | 0.98% | 1.11% | 1.16% | 1.08% | 1.01% | 1.14% |
Apple's average Quarter revenue forecast for Dec 24 based on 16 analysts is $125.12B, with a low forecast of $122.47B, and a high forecast of $128.87B. AAPL's average Quarter revenue forecast represents a 31.80% increase compared to the company's last Quarter revenue of $94.93B (Sep 24).
Apple EBITDA Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 13 | 7 | 7 | 7 | 9 | 7 | 6 | 10 | 6 | 14 | 16 | 15 | 5 | 4 | 9 | 24 | 19 | 12 | 11 | 15 | 11 | 15 | 12 | 12 | 12 | 12 | 20 | 7 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $29.59B | $25.35B | $27.90B | $40.37B | $29.62B | $23.00B | $31.22B | $38.93B | $27.76B | $25.88B | $32.72B | $44.19B | $26.77B | $26.96B | $30.30B | $36.20B | $17.48B | $15.84B |
| Avg Forecast | $33.67B | $29.55B | $31.75B | $41.11B | $34.04B | $30.68B | $32.70B | $42.41B | $32.03B | $28.91B | $30.64B | $39.66B | $29.96B | $26.76B | $38.06B | $37.40B | $28.32B | $25.93B | $34.60B | $43.64B | $27.75B | $25.89B | $31.45B | $37.22B | $26.60B | $22.93B | $20.29B | $32.30B | $19.95B | $16.35B |
| High Forecast | $34.86B | $30.60B | $32.87B | $42.57B | $35.24B | $31.77B | $33.86B | $43.91B | $33.17B | $29.94B | $31.94B | $40.85B | $30.01B | $26.76B | $45.67B | $37.94B | $29.23B | $26.85B | $41.52B | $52.37B | $27.75B | $25.89B | $37.75B | $37.22B | $26.60B | $22.93B | $24.34B | $32.30B | $19.95B | $16.35B |
| Low Forecast | $32.38B | $28.42B | $30.53B | $39.54B | $32.73B | $29.50B | $31.44B | $40.78B | $30.80B | $27.80B | $29.09B | $38.82B | $29.91B | $26.76B | $30.45B | $37.07B | $27.86B | $24.93B | $27.68B | $34.91B | $27.75B | $25.89B | $25.16B | $37.22B | $26.60B | $22.93B | $16.23B | $32.30B | $19.95B | $16.35B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.95% | 0.73% | 1.08% | 1.05% | 0.89% | 0.90% | 0.89% | 1.00% | 1.00% | 1.04% | 1.19% | 1.01% | 1.18% | 1.49% | 1.12% | 0.88% | 0.97% |
16 analysts predict AAPL's average Quarter EBITDA for Dec 24 to be $39.66B, with a high of $40.85B and a low of $38.82B. This is 34.02% upper than Apple's previous annual EBITDA (Sep 24) of $29.59B.
Apple Net Income Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 13 | 7 | 7 | 7 | 9 | 7 | 6 | 10 | 6 | 14 | 16 | 15 | 5 | 4 | 9 | 24 | 19 | 12 | 11 | 15 | 11 | 15 | 12 | 12 | 12 | 12 | 20 | 7 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $14.74B | $21.45B | $23.64B | $33.92B | $22.96B | $19.88B | $24.16B | $30.00B | $20.72B | $19.44B | $25.01B | $34.63B | $20.55B | $21.74B | $23.63B | $28.75B | $12.67B | $11.25B |
| Avg Forecast | $29.22B | $24.07B | $26.64B | $38.13B | $29.74B | $25.89B | $28.14B | $39.10B | $27.26B | $23.57B | $25.72B | $36.00B | $24.39B | $20.50B | $28.36B | $32.02B | $21.22B | $18.22B | $25.78B | $33.86B | $19.46B | $17.86B | $23.44B | $29.15B | $19.01B | $15.51B | $15.23B | $21.73B | $10.90B | $7.88B |
| High Forecast | $30.56B | $25.18B | $27.87B | $39.89B | $31.11B | $27.08B | $29.44B | $40.90B | $28.51B | $24.66B | $27.23B | $38.14B | $24.84B | $20.51B | $34.03B | $33.09B | $22.19B | $18.24B | $30.94B | $40.63B | $19.49B | $17.93B | $28.12B | $29.21B | $19.06B | $15.52B | $18.27B | $21.73B | $10.90B | $7.88B |
| Low Forecast | $27.76B | $22.87B | $25.31B | $36.23B | $28.25B | $24.59B | $26.74B | $37.15B | $25.90B | $22.40B | $23.75B | $31.73B | $23.94B | $20.48B | $22.69B | $31.10B | $20.57B | $18.20B | $20.62B | $27.09B | $19.43B | $17.79B | $18.75B | $29.09B | $18.96B | $15.51B | $12.18B | $21.73B | $10.90B | $7.88B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.60% | 1.05% | 0.83% | 1.06% | 1.08% | 1.09% | 0.94% | 0.89% | 1.06% | 1.09% | 1.07% | 1.19% | 1.08% | 1.40% | 1.55% | 1.32% | 1.16% | 1.43% |
Apple's average Quarter net income forecast for Dec 24 is $36.00B, with a range of $31.73B to $38.14B. AAPL's average Quarter net income forecast represents a 144.30% increase compared to the company's last Quarter net income of $14.74B (Sep 24).
Apple SG&A Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 13 | 7 | 7 | 7 | 9 | 7 | 6 | 10 | 6 | 14 | 16 | 15 | 5 | 4 | 9 | 24 | 19 | 12 | 11 | 15 | 11 | 15 | 12 | 12 | 12 | 12 | 20 | 7 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $6.52B | $6.32B | $6.47B | $6.79B | $6.15B | $5.97B | $6.20B | $6.61B | $6.44B | $6.01B | $6.19B | $6.45B | $5.62B | $5.41B | $5.31B | $5.63B | $4.94B | $4.83B |
| Avg Forecast | $6.97B | $6.12B | $6.57B | $8.51B | $7.04B | $6.35B | $6.77B | $8.78B | $6.63B | $5.98B | $6.34B | $8.21B | $6.20B | $5.54B | $7.02B | $7.74B | $5.86B | $5.37B | $6.38B | $6.31B | $5.88B | $5.49B | $5.80B | $7.89B | $5.64B | $4.86B | $3.42B | $6.85B | $4.23B | $3.47B |
| High Forecast | $7.22B | $6.33B | $6.80B | $8.81B | $7.29B | $6.58B | $7.01B | $9.09B | $6.87B | $6.20B | $6.61B | $8.46B | $6.21B | $5.54B | $8.43B | $7.85B | $6.05B | $5.56B | $7.66B | $7.57B | $5.88B | $5.49B | $6.96B | $7.89B | $5.64B | $4.86B | $4.11B | $6.85B | $4.23B | $3.47B |
| Low Forecast | $6.70B | $5.88B | $6.32B | $8.18B | $6.77B | $6.11B | $6.51B | $8.44B | $6.38B | $5.76B | $6.02B | $8.03B | $6.19B | $5.54B | $5.62B | $7.67B | $5.77B | $5.16B | $5.11B | $5.04B | $5.88B | $5.49B | $4.64B | $7.89B | $5.64B | $4.86B | $2.74B | $6.85B | $4.23B | $3.47B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.14% | 0.92% | 0.88% | 1.05% | 1.11% | 0.97% | 1.05% | 1.09% | 1.10% | 1.07% | 0.82% | 1.00% | 1.11% | 1.55% | 0.82% | 1.17% | 1.39% |
Apple's average Quarter SG&A projection for Dec 24 is $8.21B, based on 16 Wall Street analysts, with a range of $8.03B to $8.46B. The forecast indicates a 25.84% rise compared to AAPL last annual SG&A of $6.52B (Sep 24).
Apple EPS Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 13 | 7 | 7 | 7 | 9 | 7 | 6 | 10 | 6 | 14 | 16 | 15 | 5 | 4 | 9 | 24 | 19 | 12 | 11 | 15 | 11 | 15 | 12 | 12 | 12 | 12 | 20 | 7 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.97 | $1.40 | $1.53 | $2.19 | $1.47 | $1.27 | $1.53 | $1.89 | $1.29 | $1.20 | $1.54 | $2.11 | $1.25 | $1.31 | $1.41 | $1.70 | $0.74 | $0.65 |
| Avg Forecast | $1.92 | $1.58 | $1.75 | $2.50 | $1.95 | $1.70 | $1.85 | $2.56 | $1.79 | $1.55 | $1.69 | $2.36 | $1.60 | $1.34 | $1.51 | $2.10 | $1.39 | $1.20 | $1.43 | $1.94 | $1.27 | $1.16 | $1.42 | $1.90 | $1.24 | $1.01 | $0.99 | $1.42 | $0.71 | $0.51 |
| High Forecast | $2.00 | $1.65 | $1.83 | $2.62 | $2.04 | $1.78 | $1.93 | $2.68 | $1.87 | $1.62 | $1.79 | $2.50 | $1.63 | $1.35 | $1.54 | $2.17 | $1.46 | $1.20 | $1.43 | $1.95 | $1.27 | $1.17 | $1.43 | $1.90 | $1.24 | $1.01 | $0.99 | $1.42 | $0.71 | $0.51 |
| Low Forecast | $1.82 | $1.50 | $1.66 | $2.38 | $1.85 | $1.61 | $1.75 | $2.44 | $1.70 | $1.47 | $1.56 | $2.08 | $1.57 | $1.34 | $1.47 | $2.04 | $1.35 | $1.19 | $1.43 | $1.93 | $1.27 | $1.16 | $1.42 | $1.90 | $1.24 | $1.01 | $0.99 | $1.42 | $0.71 | $0.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.61% | 1.04% | 1.02% | 1.04% | 1.06% | 1.06% | 1.07% | 0.97% | 1.02% | 1.03% | 1.08% | 1.11% | 1.01% | 1.30% | 1.43% | 1.20% | 1.04% | 1.27% |
According to 16 Wall Street analysts, Apple's projected average Quarter EPS for Dec 24 is $2.36, with a low estimate of $2.08 and a high estimate of $2.50. This represents a 143.48% increase compared to AAPL previous annual EPS of $0.97 (Sep 24).
Apple Peer Comparison by Price Target
AAPL Forecast FAQ
Is Apple a good buy?
Yes, according to 45 Wall Street analysts, Apple (AAPL) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 28 'Buy' recommendations, accounting for 64.44% of AAPL's total ratings.
What is AAPL's price target?
Apple (AAPL) average price target is $234.48 with a range of $140 to $643, implying a 5.19% from its last price of $222.91. The data is based on 45 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Apple stock go up soon?
According to Wall Street analysts' prediction for AAPL stock, the company can go up by 5.19% (from the last price of $222.91 to the average price target of $234.48), up by 188.46% based on the highest stock price target, and down by -37.19% based on the lowest stock price target.
Can Apple stock reach $300?
AAPL's highest twelve months analyst stock price target of $643 supports the claim that Apple can reach $300 in the near future.
What is Apple's current price target trend?
2 Wall Street analysts forecast a $224.46 price target for Apple (AAPL) this month, up 0.70% from its last price of $222.91. Compared to the last 3 and 12 months, the average price target increased by 30.75% and increased by 9.14%, respectively.
What are Apple's analysts' financial forecasts?
Apple's analysts financial forecasts for the fiscal year (Sep 2026) are as follows: average revenue is $441.14B (high $456.77B, low $424.21B), average EBITDA is $139.83B (high $144.78B, low $134.46B), average net income is $122.86B (high $128.52B, low $116.73B), average SG&A $28.94B (high $29.97B, low $27.83B), and average EPS is $8.06 (high $8.43, low $7.66). AAPL's analysts financial forecasts for the fiscal year (Sep 2027) are as follows: average revenue is $429.33B (high $444.54B, low $412.86B), average EBITDA is $136.08B (high $140.9B, low $130.86B), average net income is $118.06B (high $123.5B, low $112.17B), average SG&A $28.17B (high $29.17B, low $27.09B), and average EPS is $7.75 (high $8.1, low $7.36).
Did the AAPL's actual financial results beat the analysts' financial forecasts?
Based on Apple's last annual report (Sep 2024), the company's revenue was $391.04B, beating the average analysts forecast of $387.3B by 0.97%. Apple's EBITDA was $123.22B, missing the average prediction of $132.18B by -6.78%. The company's net income was $93.74B, missing the average estimation of $105.27B by -10.96%. Apple's SG&A was $26.1B, missing the average forecast of $26.5B by -1.53%. Lastly, the company's EPS was $6.11, missing the average prediction of $6.55 by -6.73%. In terms of the last quarterly report (Sep 2024), Apple's revenue was $94.93B, beating the average analysts' forecast of $94.51B by 0.44%. The company's EBITDA was $29.59B, missing the average prediction of $29.96B by -1.22%. Apple's net income was $14.74B, missing the average estimation of $24.39B by -39.59%. The company's SG&A was $6.52B, beating the average forecast of $6.2B by 5.20%. Lastly, the company's EPS was $0.97, missing the average prediction of $1.6 by -39.39%