Apple Inc. analysts have grown more positive on the company’s prospects, pointing to the upcoming launch of a 5G version of the iPhone, as well as continued growth in its services business.

At today’s EV/EBITDA multiple of 22.3x, and assuming a net cash position of zero (see more on this below), Apple’s market cap should be $4.4 trillion by 2028.

Apple's (NASDAQ: AAPL) new ... Apple Stock Investors Are Excited About Its Prospects Following New Product Releases November 11, 2024 — 09:45 am EST.

Apple has faced some challenges in 2023. Despite a 56% surge in the company's stock year-to-date, net revenue dipped by around 2.8%, attributed to a slowdown in overall product sales.

As of 3/22/2023, Apple insiders have sold over $40 million in shares of stock as seen below. Yahoo Finance Additionally, the members who are selling are key members of the management team such as ...

Additionally, Apple is widely seen as a defensive stock, often outperforming during market downturns. For example, during the 2022 inflation shock, AAPL shares dropped 31.3% compared to a 25.4% ...

Apple’s Prospects Morningstar analysts still see Apple stock as fairly valued after spending much of 2023 in overvalued territory. The stock is trading in the $170 range, compared with ...

So, let's examine whether Apple or Microsoft is the better growth stock. Apple Apple has long had a reputation as a reliable growth stock, with its annual revenue and operating income up 48% and ...

Apple's (NASDAQ: AAPL) new line of iPhones will receive enhancements via software updates that incorporate more artificial intelligence. Read More: Earn up to $845 cash back this year just by ...