AAPL Stock Price (AAPL:NSD) Target raised to $160 on bullish trend

AAPL Stock Price

Analyst Coverage Change for AAPL Stock Price:

 
On Wednesday, STA Research reiterated its coverage of AAPL stock price. A Hold rating on the AAPL stock. They gave the stock a 12-month target of $160 per share.
 
Citigroup recently maintained a Buy rating on the stock. They kept the $175AAPL stock price target.
 
Keybanc also maintained its Buy rating and $175 AAPL stock price target.
 
Rosenblatt Securities reiterated their Buy rating. Also the $189 AAPL stock price target on Apple.
 

Analysis of the Apple stock:

 
Based on 27 analysts’ predictions for Apple stock for the next 12 months. The average analyst AAPL stock price is USD 171.41. Analysts generally rate Apple stock as a Strong Buy. Apple stock analysis by Stock Target Advisor is Bullish. Based on 12 positive and 5 negative indications. The AAPL stock price was USD 151.07 at the most recent closing. Over the previous week, month, and year, APPL stock price has changed by +0.23%, +1.08%, and -6.71%.
 

News:

 
A Foxconn source familiar with the situation told Reuters news agency on Friday. More than 20,000 workers had left the sizable Foxconn plant in China. The majority of them were recent hires. They had not even started working on the manufacturing lines.
 
The departure from the biggest iPhone manufacturer is a to the Taiwanese company. They have been struggling with the stringent COVID-19 regulations. These have fueled employee unrest and halted production. Right before Christmas and the Lunar New Year holiday in January.
 
Concerns to supply goods for the crucial holiday season are mounting. Worker discontent at the Zhengzhou facility persists. Which produces Apple’s well-known iPhone 14 models.
 
These departures will make it more difficult for Foxconn to meet its goal. They were wanting to start full production again by the end of November. Following the rare violent upheaval, the individual added.
 
Hon Hai Precision Industry Co known as Foxconn declined to comment. Apple opted against commenting on Friday. After their Thursday claim that it employed personnel in the factory.
 
Employees have expressed open discontent about living in dorms. Alongside coworkers who have COVID, a rare occurrence in China. They assert that the factory misled them on compensation advantages. The company that’s responsible for producing 70% of all iPhone shipments worldwide.
 

Fundamental Analysis

(AAPL Stock Price)

 

High market capitalization

This organization is among the top quartile and is one of the biggest in its industry. These businesses are more reliable.
 

Superior returns on risk

In the top quartile, this stock has outperformed its sector rivals. On a risk-adjusted basis over the course of at least a 12-month holding period.
 

Low turbulence

For a hold duration of at least 12 months, the stock’s yearly returns have been stable and constant. Compared to its industry peers, they are in the top quartile. Although stability is desirable, it can also restrict returns.
 

Outstanding total returns

AAPL stock price is in the top quartile and has beaten its sector rivals. Over the previous five years (for a hold duration of at least 12 months).
 

Excellent return on equity

The management of the company has outperformed its competitors. In terms of return on equity over the last four quarters, ranking it in the top quartile.
 

Superior capital efficiency

In the last four quarters, firm management outperformed its counterparts. Putting it in the top quartile in terms of return on invested capital.
 

Excellent return on assets

The management of the company has outperformed its counterparts. In terms of return on assets over the last four quarters, putting it in the top quartile.
 

A healthy cash flow

The last four quarters saw positive total cash flow for the organization.
 

A favourable free cash flow

The last four quarters saw the company generate positive total free cash flow.
 

Superior growth in earnings

In the preceding five years, this stock’s profits growth was in the top quartile for its industry.
 

Superior growth in revenue

The revenue growth of this stock over the previous five years has been in the top quartile. When compared to its industry.
 

High Asset to Gross Profit Ratio

When compared to its rivals, this stock’s Gross Profit to Asset Ratio is in the top quartile. Value investors choose this metric because it exhibits superior long-term returns.
 

Negative Fundamentals

 

Expensive in relation to earnings

AAPL stock price is trading above the sector median and at a premium to its peers in terms of price to earnings.
 

Compared to book value, it’s overpriced

On a price-to-book value basis, the stock is selling at a premium to the median of its peer group.
 

Overpriced based on cash flow

On a price-to-cash flow ratio, the stock is trading at a premium to that of its competitors. Its pricing is higher than the sector median. Whenever you are thinking about buying, go with prudence.
 

Leveraged

In terms of debt to equity, the company’s leveraged and in the bottom half of its sector rivals. Check the news, though, and study the sector and management remarks. This can be high at times since the business is attempting to grow.
 

Priced excessively based on free cash flow

On a price-to-free cash flow basis, the stock is trading at a premium to that of its competitors. Its pricing is higher than the sector median. Whenever you are thinking about buying, go with prudence.
 

Conclusion of Analysis

 
The fundamental score of AAPL stock price is set at 7.1 out of 10, where the stock is currently set as Bullish.

Top Trending Stocks

AVG Analyst Rating STA Analysis
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Neutral
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bearish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Neutral
N/A
StockTargetAdvisor
Bullish
StockTargetAdvisor
Buy
StockTargetAdvisor
Slightly Bearish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Neutral
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Bullish
StockTargetAdvisor
Strong Buy
StockTargetAdvisor
Slightly Bullish
Ad
Ad

Leave a Reply

Your email address will not be published.