Apple Stock Price Forecast & Long-term Prediction

  • From 2018 to 2024, Apple will be the largest company in the world by market cap. At the beginning of May, it was in second place.

  • The most important factor in the growth of the price of Apple stock in the spring of 2024 will be the decision to buy back shares. It will be the largest for the US stock market. The total amount is $110 billion.

  • The main negative is the high forward P/E. As of early May 2024, this ratio was above 27, according to cnbc.com.

  • The beta coefficient is 1.28. It means that the prices move faster than the S&P 500 index.

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Apple Stock Price for Today (11/23/2024)

On the date the Apple stock forecast is bearish. There are two factors contributing to this. The first is the Fed's high interest rates, which are depressing the stock market. Many investors prefer fixed income investments.

The second factor is the company's own problems. It notes a decline in sales.

 

Coste mínimo previsto

215.57 USD

Valor máximo de pronóstico

238.27 USD

% cambio de valor

+0.59%

Key Findings

  • Price for Today 11/23/2024 — 229.87 USD.

  • Price at Q1 of 2024 — $171,48. 

  • Price for next year 2025 — $314.

  • Long-term price 2025 and 2030 — $400.

In the next 12 months, experts expect an uptrend in Apple's stock price. According to investing.com, most experts have a "buy" recommendation. This remains the case despite a disappointing Q1 earnings report.

 

Apple (AAPL) Technical Analysis

The forecast for Apple for the May-June period is promising a rise in the price. On most timeframes, technical analysis indicators are giving an active buy signal. 

For example, on the hourly and daily charts the RSI indicator is slightly above 60. This indicates that the asset is not overbought. Prices retain the potential for growth.

The price of AAPL share is above the moving averages at the time of writing. This is a sign of positive sentiment in the market. 

Chart patterns give a bearish signal. Harami bearish is present on the 1W timeframe. However, its reliability is minimal. Therefore, Apple is expected to rise.

The forecast is based on data current as of May 07. It is presented solely for informational purposes and does not constitute investment advice.

 

Strong buy

Fundamental analysis

At the beginning of May 2024, Apple had high profitability and good margins. At the same time, it has a high debt-to-equity ratio. This is a sign of dependence on external sources of finance. In times of high interest rates, this is an unfavorable factor.

Other key indicators are summarized in the table below.

Multiplier

Value

P/E

28.56

Debt/Equity

1.31

EV/EBITDA

21.77

ROA

28.55%

ROE

136.18%

ROIC

45.28%

Profit Margin

26.16%

 

Where will be Apple in 5 years

According to analysts at The Motley Fool, Apple's revenue will grow just 1% in 2024. And the company's profit growth is expected to be 7%. 

Experts note that Apple reported an unsuccessful launch of sales of Vision Pro. In addition, sales of iPad, Apple Watch and AirPods have declined. Services remain the company's strength. Revenues from this business are showing strong growth.

The price forecast for the next year and 5 years is positive. Experts believe that Apple's stock will go up relative to the present price. There are a number of factors contributing to this:

  1. Strong business. Equities are perceived as a safe haven from the crisis.

  2. A unique customer relationship model.

  3. Potential to grow the company's revenue through new areas such as augmented reality.

But there are a number of negative factors. They will affect the share price in the next 5 years. First of all, it is the high current value of the company. In 2023 the share price grew by 46%. The stock is currently close to historical highs.

In addition, experts believe that Apple is no longer a growth company. There are fears that the company will reduce the rate of revenue growth in the future. Today, AAPL stock is recommended to buy. However, the number of analysts who give such an assessment is smaller than the competitors. 

Quotes are influenced by the situation in the technology industry and the stock market as a whole. In many respects, positive Apple stock forecasts are based on the experts' belief in the high potential of the sector.

Year

Price, $

Percent change from current price

2024

232

+28

2025

314

+73

2026

244

+34,5

2027

332

+83,4

2028

366

+102

 

Apple Stock Price Prediction 2024

In 2024 the negative factor for quotations will be the attention of the regulator. Also, sales cuts may lead to price declines. Nevertheless, experts give mostly optimistic predictions. For example, the target price of the stock for the end of 2024 will be priced at:

  • $207 — according to the calculations of Coin Price Forecast service specialists;

  • $216 — by Michael Graw (Techopedia platform);

  • $225 — as predicted by Bank of America experts.

The average analyst price target, according to Nasdaq, is $205.09. The maximum is $250.

The reason for the stock's bullish forecast for 2024 is investors' belief in the issuer's stability. The company is seen as a good investment to wait out the crisis. When the Fed cuts rates, a risky but fast-growing business becomes more interesting.

Date

Minimum expected price, $

Maximum expected price, $

May

169

218

June

181

231

July

196

230

August

186

218

September

178

210

October

179

211

November

180

212

December

196

232

 

AAPL Stock Forecast 2025

In 2025, Apple is expected to maintain leadership in key niches. First of all, it is chip production and innovative design. This will help maintain the level of sales of gadgets. 

Experts offer the following stock price prediction for 2025:

  • $349-$472 — Gov Capital;

  • $237 — Techopedia;

  • $ 233 — Coincodex and Coin Price Forecast.

We believe that Apple's share price will rise in price  in 2025. BeatMarket analysts expect the stock to be worth more than $260 at the end of 2025. The detailed price prediction for 2025 is summarized in the table below.

Month

Minimum expected price, $

Maximum expected price, $

January

201

235

February

205

241

March

207

243

April

209

245

May

224

264

June

238

280

July

245

287

August

266

326

September

278

326

October

302

365

November

272

338

December

268

314

 

Apple Stock Price Prediction 2026

AAPL's forecast for 2026 promises a growth of quotations relative to the present price. But it is unlikely that the price will stay above $300 for a long time. 

The price of the stock is predicted to be:

  • $269 — from the experts at Coin Price Forecast;

  • $298 — according to the experts at Techopedia;

  • до $762 — according to Gov Capital's calculation methodology.

Based on our view, Apple stock could be a bad investment in 2026, as there is a risk that prices will come under pressure. This is possible due to the strengthening of competitors. Another possible reason is the increased risk appetite of investors. 

Month

Minimum expected price, $

Maximum expected price, $

January

291

342

February

255

317

March

249

293

April

271

337

May

268

314

June

252

296

July

235

275

August

234

274

September

221

259

October

213

249

November

206

242

December

208

244

 

AAPL Prediction 2027

Experts give conflicting price forecasts for stocks for 2027. The minimum level is offered by the service Wallet Investor. Their target price is $269. The analysts of Gov Capital are the most optimistic. In their opinion, the value will reach $1125.

According to our prediction, in 2027 prices will again test the level of $ 300. It is likely that they will be able to consolidate near this value.

Month

Minimum expected price, $

Maximum expected price, $

January

226

268

February

232

272

March

210

252

April

203

239

May

205

241

June

221

259

July

235

275

August

241

283

September

262

321

October

273

321

November

297

359

December

268

332

 

Apple Price Forecast 2028

Apple’s stock price forecasts for 2028 also vary widely. The analysts' minimum target price is $290 at the end of the year. The maximum is $1472. You can also find predictions in the neighborhood of $400 and $600. 

In our opinion, the AAPL stock price will not show a strong increase. We do not expect it to be above $400 by the end of 2028.

Month

Minimum expected price, $

Maximum expected price, $

January

263

309

February

286

337

March

251

312

April

246

288

May

267

332

June

264

310

July

273

315

August

282

325

September

288

333

October

282

342

November

291

351

December

297

366

 

Long-Term Apple Stock Forecast 2030 to 2050

The long-term forecast for Apple is confident. All experts believe that the company will maintain its market share. Predictions for such a period are made using mathematical models. The underlying assumptions determine the outcome.

In reality, the following factors will determine the value of the stock:

  • the pace of development of the global economy;

  • the situation in the technology sector;

  • the company's success in competing and maintaining market share;

  • business development and development of new, relevant future directions.

Potential negative factors for Apple's long-term performance are increased competition and antitrust laws.

 

Apple Projections For the Next 10 Years

Apple's stock price forecast for the next 10 years is optimistic. Experts believe the company will be able to maintain its leadership position. The analysts give the following price targets for 2034:

  • $512 — Coin Price Forecast platform;

  • $928 — Stock Scan service.

This forecast represents growth of 183% to 412% over 10 years. Apple stock looks like an asset with good returns even in a pessimistic scenario. 

BeatMarket experts believe that in 10 years the price of AAPL could exceed $500. However, we believe that the growth rate of prices in the next 10 years will be lower than in the previous period. This is explained by the slowdown in the expansion of the product market.

 

Apple stock price prediction 2030

Forecasts for 2030 classify Apple stock as a moderately profitable investment. Below are AAPL price forecasts from various services:

  • $299 — taking into account current projections for the company's financial results;

  • $381 — based on the assumption that dynamics of quotations will correspond to the historical yield of S&P 500 index;

  • $784 — assuming the company continues to grow at the same average rate as it has over the past 10 years;

  • $873 — assuming the company appreciates at the same average rate as it has over its history.

The most optimistic forecast is given by the Finanzerr service. Its experts believe that in 2030 prices will reach $ 1345. The analysts of BeatMarket stick to a moderate scenario. We do not expect a price above $ 400.

 

Apple stock forecast 2040

Among the price forecasts for 2040, the following target levels can be seen:

  • to $1221 — Stock Scan platform;

  • to $8217 - Coincodex service;

  • in the $7570-$8650 range - Finanzerr service.

The maximum figures are based on the assumption that the company will maintain its historical growth rates. However, BeatMarket experts believe that this is unlikely. 

The pessimistic forecast takes into account the current problems in the technology sector. It is also influenced by possible corrections in the stock market as a whole.

Apple Future price 2050

AAPL stock price predictions 2050 are even more variable. No expert can say in advance whether Apple will remain the market leader. 

Services that build mathematical models give the following targets:

  • $1588 — Stock Scan;

  • $10000 — Finanzerr;

  • to $77322 — Coincodex.

The most optimistic long-term price forecast gives an annualized growth rate of 25.1%. This is the company's historical return to date. 

BeatMarket experts expect Apple's stock price to grow faster than the S&P 500. This corresponds to an ROI of more than 11.1%. Thus, we expect a price above $3140 per share.

About Apple Inc (AAPL)

apple logo

The company was founded in 1976. Apple became public in 1980. Including subsequent splits, the offering price was $0.1.

Its main business is the development of mobile devices and computers. The company also develops software for these devices. In addition, the company makes money from the sale of accessories such as headsets, the App Store service, etc.

The main source of shareholder income is price appreciation. But the company also pays dividends. According to the service investing.com, the yield for the last 12 months was 0.52%. $0.96 per share was paid out.

 

Apple Price History Chart

Apple Price History Chart

What Influences Apple Shares Price

Macroeconomic factors

The price of AAPL stock depends on factors such as Federal Reserve interest rates, the pace of economic development, etc. It is directly affected by stock market sentiment.

Technology industry growth rate

The emergence of new products from competitors may cause prices to decline. The price in the future will depend on whether Apple will take a place in the augmented reality market, etc.

Company Financial Results

The key impact on the stock price is financial performance. These are sales, net income, etc. Analysts' expectations of the company's revenue growth rate could even be of a major importance. All of this is directly related to the demand for Apple products.

Is AAPL A Good Investment

Short-term

(1-6 month)
Spring 2024 experts consider AAPL shares a good asset for an investment portfolio. They recommend not only holding, but also buying Apple shares.

Medium-term

(6-12 month)
Apple is near local highs in April 2024. But the company still has potential for growth. According to the consensus forecast of analysts, quotes will grow within 6-12 months.

Long-term

(1 year+)
Apple is near local highs in April 2024. But the company still has potential for growth. According to the consensus forecast of analysts, quotes will grow within 6-12 months.

FAQ

Is Apple stock expected to rise?

Looking at Apple stock predictions, it can be argued that prices will rise. In early May, technical analysis indicators show that it is advisable to buy AAPL. Experts also expect prices to rise. There is an opinion that the stock will reach $200 by the end of the year.

What are Apple`s fundamentals?

Recent news reports suggest that the company does not have the strongest fundamentals. Its P/E multiple is considered too high. In addition, the company's Q1 sales and financial results did not satisfy investors. At the same time, Apple remains highly profitable.

What is the fair value of Apple?

One way to determine the fair value of a stock is to use the Peter Lynch formula. For Apple, the calculation yields a value of $83.95. This is 53.8% below the present price. This data is provided by the Value Investing service. The Finbox platform puts the fair value at $163.91. The calculation method is not disclosed.

What is the intrinsic value of Apple?

Intrinsic value is determined in a number of ways. It can be determined by discounting cash flows, earnings, etc. According to the Guru Focus service, Apple's intrinsic value is $85.81.

What is Apple’s price target?

The average target price for the next 12 months is $205.09. The most optimistic forecast of the experts is $250. At the same time, some experts are betting on a decline in prices. The most pessimistic forecast is $125.

What do analysts say about Apple?

According to investing.com, 28 experts recommend buying Apple stock in May 2024. Another 13 experts recommend holding the stock. And only 2 experts believe it should be sold.

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