Apple Stock Forecast and Price Prediction 2023-2027
Apple Stock Forecast 2023 is $185
The Apple Stock Price Target (by Analysts) for the next 12 months is $201
Latest Apple Stock Price
AAPL Stock Price Performance
- Last 1 Month: -9.8%
- Last 6 Months: +3.0%
- Last 12 Months: +20.2%
Apple Stock – Buy or Sell
Net Buy Rating = Buy% – Sell%
- September 8th: +59.6%
- October 2nd: +65.0%
Apple Stock Price Target: Analysts
| Apple Price Target | $201 |
| Evercore | $210 |
| UBS | $190 |
| BofA | $208 |
| Barclays | $167 |
| Wedbush | $230 |
Apple Stock Price Prediction for the Next 5 Years – Aggregated
- Apple Stock Price Prediction 2023 is $185
- Apple Stock Price Prediction 2024 is $225
- Apple Stock Price Prediction 2025 is $269
- Apple Stock Price Prediction 2026 is $310
- Apple Stock Price Prediction 2027 is $349
Apple Stock Forecast Today, Tomorrow and Week
- Apple Stock Price Prediction in the next 24 hours is between $171 and $175
- Apple Stock Price Prediction this week is between $167 and $176
| Overall Outlook | Partially Bearish |
| 1. Market's Wisdom | Bearish |
| 1a. Market Data | Bearish |
| 1b. Technical Recommendation | Neutral |
| 2. Crowd's Wisdom | Partially Bearish |
| 2a. Social Media Buzz | Lower |
| 2b. Social Media Sentiment | Steady |
Apple Q3, 2023 Earnings
Apple reported its fiscal 3rd quarter earnings and the company was able to beat the Wall Street earnings expectation while it met the Revenue expectation. The company reported an increase of 8% in sales which was mostly driven by services sales. Apple reported a drop in the iPhone revenue WRT to the last quarter. Here is a brief summary of Apple’s earnings with respect to the Wall Street expectation:
Apple’s revenue for the quarter was $81.80 billion, which slightly exceeded analysts’ expectations of $81.55 billion. However, this represented a 3.9% decrease compared to the same quarter last year.
The adjusted earnings per share (EPS) for Apple were $1.26, in line with analysts’ expectations of $1.20. This marked a significant 20.9% increase from the EPS in the same quarter of the previous year.
In terms of specific product revenues, iPhone sales amounted to $39.67 billion, slightly below analysts’ expectations of $39.79 billion, with a marginal 0.2% decrease from the previous year.
Services revenue reached $21.21 billion surpassing analysts’ expectations of $20.77 billion, showing a healthy 10.5% increase from the same quarter last year.
Mac sales brought in $6.84 billion, which was slightly higher than analysts’ expectations of $6.37 billion, resulting in a 6.2% growth from the previous year. On the other hand, iPad sales generated $5.79 billion, slightly falling short of analysts’ expectations of $6.33 billion, experiencing a decline of 19.5% compared to the same quarter last year.
As for wearables revenue, it amounted to $8.28 billion, just below analysts’ expectations of $8.38 billion, but still showing a decent 2.9% increase from the previous year.
Overall, Apple’s performance in the fiscal third quarter was mixed. The company met analysts’ expectations for revenue and adjusted EPS, but it missed expectations for iPhone revenue and iPad revenue. Apple is however experiencing a growth in its services business.
Summary of Last 4 Quarterly Results
| (USD) | June 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
| Revenue | 81.8B | 94.84B | 117.15B | 90.15B |
| Net income | 19.88B | 24.16B | 30B | 20.72B |
| Diluted EPS | 1.26 | 1.52 | 1.88 | 1.29 |
| Net profit margin | 24.3% | 25.48% | 25.61% | 22.99% |
| Operating income | 23.0B | 28.32B | 36.02B | 24.89B |
| Net change in cash | 4.92B | 5.15B | -3B | -3.88B |
| Cost of revenue | 45.3B | 52.86B | 66.82B | 52.05B |
Apple (AAPL) Stock Forecast 2023: Fundamental Analysis
Apple’s Liquidity Position, 2023
The current ratio of Apple is 0.98, the quick ratio is 0.92, and the cash ratio is 0.47. The current and quick ratios followed a stable trend over the past 4 quarters but the cash ratio is increased to 0.47 (Q1,2023) from 0.37 (Q4,2022). A liquidity ratio under 1 indicates potential short-term financial difficulties, suggesting the company might struggle to meet its immediate obligations.
Apple’s Sales/Revenue and Net Income, 2023
The company’s sales/revenue has been fluctuating over the past five quarters, with a significant drop of 19.05% in the most recent quarter (31-Mar-2023) compared to the previous quarter. However, there was strong growth in the previous quarter (31-Dec-2022) of 29.96%. Overall, sales have been volatile.
Net income, which is the bottom line profit after taxes and expenses, has shown a decrease of 19.46% in the most recent quarter (Q1, 2023) compared to the previous quarter (Q4,2022) of 44.77%.
Apple’s Investing Cash Flow, 2023
The Capital expenditure has increased to 23% in Q1,2023 from -15.14% in the past quarter.
The Net investing cash flow has seen a massive growth of 260.48% in Q1, 2023 from -18.73% in Q4, 2022. This increase in net investing cash flow represents the overall rise in the cash flow from investing activities, taking into account capital expenditures, acquisitions, and investments.
Cash Dividends Paid, 2023
The company has consistently paid cash dividends to shareholders over the past five quarters. The dividend payments remained relatively stable, with slight fluctuations. In the most recent quarter (31-Mar-2023), the company paid $3,650 million in cash dividends.
Free Cash Flows of Apple, Q1,2023
The free cash flow of Apple decreased to 25,644 Mn from 30,218 Mn in the previous quarter. The growth of FCF went to 45.01% in the previous quarter (Q4,2022) but decreased sharply to -15.14% in Q1, 2023. A sudden decrease in free cash flow can be a sign that the company is having trouble generating cash from its operations. And also decline in sales is also one of the factors for a sharp decline in the Free cash flow of Apple company.
Apple (AAPL) Stock Forecast 2023: Factors that Will Impact Apple’s Share Price in 2023
- Valuation is all that matters- 2022 has been harsh for high-valued stocks. Various stocks like Shopify Inc (NYSE: SHOP) fell drastically due to high valuation metrics and poor earnings to fall back to. For Apple Inc., the current P/E ratio stands at 29.53. Its annual earnings per share came at $5.95 and hence the share price is trading at $175.7.
Now, the P/E of 29.53 is almost equal as compared to its peers. For example, Alphabet Inc shares are trading at a P/E of 29.2. Although both companies had a really bad quarter, if the FED continues to hike the interest rates, the P/E for Apple Inc. can also cool off a bit.
Additionally, the earning forecast for the next financial year is $6.32 per stock. Taking the cooled-off P/E of 20x, the price target for 2023 comes only at $126 or so, which is approximately 29% below the current stock price. The extent to which P/E cools off depends on the FED interest rate hike. But if Apple shares have to march towards the $180 target in 2023, then earnings should outperform the market expectations by quite some distance.
- The Service sector is the next big thing – Whenever Apple Inc. reports quarterly results, all eyes are on iPhone sales, but quite secretly, it’s their service business that has been growing rapidly over the recent years. It has contributed more than 20% in revenue in the recent results and even a greater share in the overall profits. This segment supports a high gross margin and hence sponsors almost one-third of the overall income of the company.
The macroeconomic factors weighed down growth in the service business due to a drop in digital advertising spending and increasing foreign exchange rates. But once the economy is on the right path, there is no structural reason for the service businesses not to give double-digit growth. In fact, it will be the main driver if Apple shares have to march to $180 in 2023.
- Growth in the hardware sector – The hardware sector for Apple has also raised eyebrows. The company’s largest revenue segment remains the iPhone and stellar growth is not expected in this sector in the coming year. This is because the iPhone’s sales have increased over 10% YoY in the latest quarter.
However, Apple does not have great hardware products in the pipeline. Moreover, the recently launched iPhone 14 did not receive great reviews, and the holiday season was expected to go muted for Apple in terms of iPhone sales. Nevertheless, Mac sales increased 25% in the latest quarter earnings, and interestingly, nearly half of the Mac buyers were new to the product.
In 2023, growth in the hardware segment is likely to remain dull and that is one big reason to be not outrightly bullish for Apple. It is expected to ride the tide of macroeconomic uncertainties, but the possibility of double-digit growth especially in the hardware segment is very bleak.
Apple Stock Forecast: FAQs
Is it a good time to buy Apple stock?
There are 4 major positives for Apple Stock – Long-term technical analysis suggests Apple’s stock appears to be in a bullish trend, Consensus Analyst Targets predict a 10-20% rise over the next 12 months, Apple VR has so far received very positive reviews and finally, Apple is betting big on India. Apple has always been great at execution and therefore there are enough reasons to consider buying Apple.[Do your own Research]
Will Apple stock continue to rise?
In the long run, Apple stock will continue to rise as the Global economy is likely to recover over the next 24 months and Apple’s VR product will be launched in 2024. However, these are predictions and actual results can vary due to a multitude of unpredictable factors.
Why is Apple a good investment?
Apple is a fundamentally strong company with a loyal customer base. The company’s service business has been growing rapidly and could provide a significant source of revenue and profits in the future. Additionally, Apple’s share repurchase program, which reduces the number of shares in circulation, can increase the earnings per share and potentially lead to a higher stock price.
How high can Apple stock go?
According to aggregated predictions, Apple’s stock price could reach $356 by 2027.
How low will Apple stock go?
According to aggregated predictions, The stock price could potentially decrease to $126 in 2023 if the P/E cools off due to FED interest rate hikes and earnings do not outperform market expectations.
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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