Apple Stock Forecast: Analysts Predict Average Target of $2,046
Market Overview
According to a recent survey of 30 analysts, the average 12-month price forecast for Apple (AAPL) stock is $2,046. The lowest estimate is $158, while the highest is $2,600.Key Findings
The survey, conducted by Yahoo Finance, shows that analysts are generally bullish on AAPL stock. The average price target is significantly higher than the current share price of $173.50, suggesting that analysts believe the stock has room to grow.
The analysts' forecasts are based on a variety of factors, including Apple's strong financial performance, its dominant position in the smartphone market, and its recent investments in new technologies such as artificial intelligence and augmented reality.
It's important to note that these forecasts are just estimates, and the actual price of AAPL stock could vary significantly in the future. However, the survey provides valuable insights into the market's expectations for the company.
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