Apple Analyst Coverage
On January 18th, 2023, Credit Suisse, a global bank released a statement reaffirming their previous “Buy” recommendation for Apple’s stock. The analyst also maintained their 12 month target on the stock at USD 184. Credit Suisse is indicating that they believe the stock is undervalued and has strong potential for growth in the future.
Apple Stock Forecast and Analysis
Apple Inc, has received a positive outlook from analysts . According to the forecast for the company’s stock, the average target price forecast from 30 analysts, is USD 168.99 over the next 12 months, indicating a strong potential for growth. The average analyst rating is a “Buy”. Stock Target Advisor has also given a “Slightly Bullish” rating. The current stock price is USD 135.94 and has had an overall upward trend over the past week, month, and year.
Positive Fundamentals For AAPL Stock
- High market capitalization: The company is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
- Superior risk adjusted returns: The stock has performed well on a risk-adjusted basis compared to its sector peers over a hold period of at least 12 months and is in the top quartile.
- Low volatility: The stock’s annual returns have been stable and consistent compared to its sector peers over a hold period of at least 12 months and is in the top quartile. However, it’s worth noting that stability can limit returns.
- Superior total returns: The stock has outperformed its sector peers on average annual total returns basis in the past 5 years over a hold period of at least 12 months and is in the top quartile.
- Superior return on equity: The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
- Superior capital utilization: The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
- Superior return on assets: The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
- Positive cash flow: The company had positive total cash flow in the most recent four quarters.
- Positive free cash flow: The company had positive total free cash flow in the most recent four quarters.
- High Gross Profit to Asset Ratio: This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.
