Apple Stock Forecast and Prediction: Can Apple remain steady this week?

Apple Stock Forecast and Prediction: Can Apple remain steady this week?
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May 9th, Apple Stock Forecast: Current Outlook is Neutral (Positive: 33%, Negative: 33%).

The 12 month target for the stock is $215.

2 analysts

Latest Apple stock price

Metric
Value
Trend
Share Volume
116.1 M
Lower
Forward PE (1 Year)
25.74
NA

Read: LUCID Stock Forecast

Google Search Volumes for Apple Stock is higher compared to the last 24 hours.

12 months Performance Chart

Last 5 days
1 Month
YTD
+0.2%
-5.1%
-13.5%
-0.7%
-2.6%
-15.9%
+2.0%
-10.1%
-20.1%

Apple Stock Forecast: CrowdWisdom360- Insights

  • After the record revenue of $123 billion, 11% jump Q-o-Q, investors and analysts are now eyeing on its upcoming launch of new products which will add-on the stock price of Apple.
  • There has also been a possibility floating in the market of a possible joint-venture between Apple and Porshe which will mark its entry into automotive segment.
  • The search trend for Apple is currently higher compared to 24 hours ago. A rising trend can be expected in the next few hours.
  • Apple TV has now become the first streaming service to win an Oscar. ‘CODA’ is a 2021 film starring Troy Kotsur and Emilia Jones. This achievement can act as a turning point for Apple and attract more consumers to the Apple TV platform.
  • Apple has managed to sustain a 11 day trading gain streak in 2022. The last time Apple managed to reach an 11 day streak was in 2003.
  • Apple and Major League Baseball have partnered together to launch “Friday Night Baseball” where fans can watch two games on Fridays exclusively on Apple TV+. What makes this even more appealing is that is is completely free and there is no need to subscribe to Apple TV+.
  • According to sources, the launch of Apple’s blood pressure monitor which is a feature of their smartwatch has been delayed. This feature will notify a person if they have high blood pressure. Apple is currently facing difficulty with the accuracy of the monitor and hence the launch has been delayed to 2024 latest.
  • Apple executives reveal that Apple might face losses up to $8 billion in their June quarter earnings. Supply shortages in March and factory shutdown in China are the two culprits according to Apple executives.
  • Quanta Computer a Shanghai manufacturer helps make Apple products in China. In April, to avoid spread of COVID-19 and ensure functioning of the factory they adopted the close-loop system. In a close- loop system the employees are required to remain inside the factory and continue with the regular operation and their day to day activities. Positive cases were reported inside the factory hence the workers felt aggravated and trapped because of the strict rules. As a result they broke through isolation barriers and a riot occurred.
  • Taking all of these factors into consideration, the short-term recommendation is to Buy this stock.

Read Amazon Stock Forecast

Current Technical Recommendation

Apple Stock Forecast: Momentum Summary

Indicator
Trend
Price (Pre-Market)
Lower
Volume Trend
Lower
Performance vs NASDAQ
Higher
Technical
Neutral
Google Search
Higher
Social Media Sentiment Trend (Last 24 hours)
Steady

Read Tesla Stock Forecast

Latest AAPL Apple Stock News and Tweets

Capital Gainz on Twitter: “I didn’t get my under-150 target last week on $AAPL, but it is still showing weakness into this week. I still like my target from last week. Looking for $151, with $146 target on a break of the $150 support. pic.twitter.com/U2kli5eswW / Twitter”

I didn’t get my under-150 target last week on $AAPL, but it is still showing weakness into this week. I still like my target from last week. Looking for $151, with $146 target on a break of the $150 support. pic.twitter.com/U2kli5eswW

SismasStock on Twitter: “$AAPL 83.33% Win rate on 6 trades in 1 month. Profit Factor of 7.7. Rating is Bearish pic.twitter.com/H759QXYiTO / Twitter”

AAPL 83.33% Win rate on 6 trades in 1 month. Profit Factor of 7.7. Rating is Bearish pic.twitter.com/H759QXYiTO

Last 7 days
Last 24 hours
Trend
Net Sentiment ($AAPL)
-2%
-2%
Steady

Read LUCID stock forecast

AAPL Apple Stock Forecast: 12 months Forecast

Source
12 month Apple Stock Forecast
$ 216 (Upper Levels)
$ 215 (Upper Levels)
$ 215 (Upper Levels)
$ 215 (Upper Levels)

Apple Stock Forecast: Q1 Results

  1. Revenue: $123.9 billion, +11%
    1. US Sales: $51 billion, +11%
    2. Iphone: $71.6 billion, 9.2%
  2. Quarterly EPS: $2.1, +25%
Apple Stock Forecast Today and 2022: AAPL Closed Over $150

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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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