Forget Apple: These Unstoppable Stocks Are Better Buys
has been one of the market's greatest growth stocks. Its shares soared 46,650% over the past two decades as the iPod, iPhone, and iPad revolutionized the digital music, smartphone, and tablet computing markets, respectively. Apple continued growing after Steve Jobs' death in 2011, and it expanded its ecosystem of subscription-based services while rolling out fresh products like the Apple Watch, AirPods, HomePod, and Vision Pro.
But this year, Apple might be due for a breather as its iPhone sales slow down. Analysts expect its revenue and earnings to rise just 3% and 7%, respectively, in fiscal 2024 (which ends this September) -- and those growth rates seem a bit low for a stock that trades at 28 times forward earnings.
Apple CEO Tim Cook. Image source: Apple.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 104 Buy predictions and 6 Sell predictions.
With a target price of 210 € there is a slightly positive potential of 1.33% for Apple Inc. compared to the current price of 207.25 €.
