Apple (AAPL) Stock Forecast, Price Target & Predictions
AAPL Stock Forecast
Apple stock forecast is as follows: an average price target of $225.30 (represents a -1.19% downside from AAPL’s last price of $228.02) 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 $225.30 based on 1-year price targets from 45 Wall Street analysts in the past 3 months, with a price target range of $300.00 to $140.00. This represents a potential -1.19% downside from AAPL's last price of $228.02.
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 |
|---|---|---|---|---|---|---|
| Nov 01, 2024 | Tom Forte | Maxim Group | $215.00 | $222.91 | -3.55% | -5.71% |
| Nov 01, 2024 | Gil Luria | D.A. Davidson | $260.00 | $222.91 | 16.64% | 14.03% |
| Oct 21, 2024 | Edison Lee | Jefferies | $212.92 | $235.00 | -9.40% | -6.62% |
| Oct 04, 2024 | David Vogt | UBS | $236.00 | $225.67 | 4.58% | 3.50% |
| Sep 30, 2024 | Samik Chatterjee | J.P. Morgan | $265.00 | $233.00 | 13.73% | 16.22% |
| Sep 10, 2024 | Daniel Ives | Wedbush | $300.00 | $220.91 | 35.80% | 31.57% |
| Sep 04, 2024 | Michael Ng | Goldman Sachs | $276.00 | $220.39 | 25.23% | 21.04% |
| Sep 03, 2024 | Toni Sacconaghi | Bernstein | $240.00 | $224.20 | 7.05% | 5.25% |
| Aug 28, 2024 | Ivan Feinseth | Tigress Financial | $295.00 | $226.87 | 30.03% | 29.37% |
| Aug 27, 2024 | Daniel Ives | Wedbush | $285.00 | $228.52 | 24.72% | 24.99% |
The latest Apple stock forecast, released on Nov 01, 2024 by Tom Forte from Maxim Group, set a price target of $215.00, which represents a -3.55% decrease from the stock price at the time of the forecast ($222.91), and a -5.71% decrease from AAPL last price ($228.02).
Apple Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 12 | 47 |
| Avg Price Target | $229.31 | $258.74 | $234.53 |
| Last Closing Price | $228.02 | $228.02 | $228.02 |
| Upside/Downside | 0.57% | 13.47% | 2.86% |
In the current month, the average price target of Apple stock is $229.31, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 0.57% increase as opposed to Apple's last price of $228.02. This month's average price target is down -11.37% compared to last quarter, and down -2.23% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 01, 2024 | Maxim Group | Hold | Hold | Hold |
| 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 |
Apple's last stock rating was published by Maxim Group on Nov 01, 2024. The company gave AAPL a "Hold" 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 | $134.23B | $101.03B | $91.24B | $96.50B | $125.24B | $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 | $109.95B | $96.51B | $103.67B | $134.26B | $111.15B | $100.19B | $106.78B | $138.94B | $104.57B | $94.44B | $100.80B | $125.89B | $94.66B | $84.43B | $90.37B | $119.69B | $92.22B | $84.66B | $96.17B | $125.59B | $88.74B | $82.79B | $94.03B | $119.00B | $85.05B | $73.33B | $77.09B | $103.27B | $63.80B | $52.29B |
| Low Forecast | $101.73B | $89.29B | $95.92B | $124.22B | $102.84B | $92.70B | $98.80B | $128.55B | $96.76B | $87.38B | $91.81B | $124.04B | $94.36B | $84.43B | $90.37B | $116.94B | $87.89B | $78.34B | $88.98B | $116.20B | $88.74B | $82.79B | $94.03B | $119.00B | $85.05B | $73.33B | $77.09B | $103.27B | $63.80B | $52.29B |
| # Analysts | 8 | 14 | 8 | 15 | 8 | 10 | 16 | 10 | 7 | 7 | 17 | 18 | 17 | 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 18 analysts is $125.24B, with a low forecast of $124.04B, and a high forecast of $125.89B. AAPL's average Quarter revenue forecast represents a 31.92% 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 | 8 | 14 | 8 | 15 | 8 | 10 | 16 | 10 | 7 | 7 | 17 | 18 | 17 | 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 | $34.29B | $30.10B | $32.33B | $41.87B | $34.66B | $31.25B | $33.30B | $43.33B | $32.61B | $29.45B | $31.15B | $40.43B | $30.51B | $27.26B | $38.06B | $38.09B | $28.84B | $26.41B | $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 | $35.49B | $31.15B | $33.47B | $43.34B | $35.88B | $32.34B | $34.47B | $44.85B | $33.76B | $30.49B | $32.54B | $40.64B | $30.56B | $27.26B | $45.67B | $38.64B | $29.77B | $27.33B | $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 | $32.84B | $28.83B | $30.97B | $40.10B | $33.20B | $29.93B | $31.89B | $41.50B | $31.24B | $28.21B | $29.64B | $40.04B | $30.46B | $27.26B | $30.45B | $37.75B | $28.37B | $25.29B | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.93% | 0.73% | 1.06% | 1.03% | 0.87% | 0.90% | 0.89% | 1.00% | 1.00% | 1.04% | 1.19% | 1.01% | 1.18% | 1.49% | 1.12% | 0.88% | 0.97% |
18 analysts predict AAPL's average Quarter EBITDA for Dec 24 to be $40.43B, with a high of $40.64B and a low of $40.04B. This is 36.62% 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 | 8 | 14 | 8 | 15 | 8 | 10 | 16 | 10 | 7 | 7 | 17 | 18 | 17 | 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 | $29.59B | $25.88B | $28.11B | $39.16B | $27.28B | $23.62B | $25.72B | $35.97B | $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 | $30.55B | $25.17B | $27.86B | $39.87B | $30.94B | $27.06B | $29.40B | $40.95B | $28.53B | $24.70B | $27.09B | $38.43B | $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 | $27.61B | $22.75B | $25.18B | $36.04B | $27.96B | $24.46B | $26.57B | $37.01B | $25.78B | $22.32B | $23.89B | $31.98B | $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 $35.97B, with a range of $31.98B to $38.43B. AAPL's average Quarter net income forecast represents a 144.12% 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 | 8 | 14 | 8 | 15 | 8 | 10 | 16 | 10 | 7 | 7 | 17 | 18 | 17 | 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 | $8.81B | $6.63B | $5.99B | $6.33B | $8.22B | $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 | $7.21B | $6.33B | $6.80B | $8.81B | $7.29B | $6.57B | $7.01B | $9.12B | $6.86B | $6.20B | $6.61B | $8.26B | $6.21B | $5.54B | $8.43B | $7.85B | $6.05B | $5.55B | $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 | $6.67B | $5.86B | $6.29B | $8.15B | $6.75B | $6.08B | $6.48B | $8.43B | $6.35B | $5.73B | $6.02B | $8.14B | $6.19B | $5.54B | $5.62B | $7.67B | $5.77B | $5.14B | $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 $8.22B, based on 18 Wall Street analysts, with a range of $8.14B to $8.26B. The forecast indicates a 25.96% 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 | 8 | 14 | 8 | 15 | 8 | 10 | 16 | 10 | 7 | 7 | 17 | 18 | 17 | 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 | $1.94 | $1.70 | $1.84 | $2.57 | $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 | $2.03 | $1.78 | $1.93 | $2.69 | $1.87 | $1.62 | $1.78 | $2.52 | $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 | $1.81 | $1.49 | $1.65 | $2.36 | $1.83 | $1.60 | $1.74 | $2.43 | $1.69 | $1.46 | $1.57 | $2.10 | $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 18 Wall Street analysts, Apple's projected average Quarter EPS for Dec 24 is $2.36, with a low estimate of $2.10 and a high estimate of $2.52. This represents a 143.30% increase compared to AAPL previous annual EPS of $0.97 (Sep 24).