Is Apple Stock as Overpriced as Its Vision Pro Headset?
There were audible groans and boos when (NASDAQ: AAPL) revealed the price of its Vision Pro mixed-reality headset will be $3,499. But few investors are balking at the price of Apple stock, which is once again flirting with a $3 trillion market cap.
Shares of Apple hit an all-time high price ahead of Apple's big announcement earlier this week at its World Wide Developers Conference (WWDC) in California. The shares have outperformed both the S 500 and Nasdaq Composite indexes by a wide margin year to date. Meanwhile, its valuation is touching levels not seen since the end of 2021, when it last sat near $3 trillion, despite an outlook for a revenue and earnings decline in 2023.
Is Apple getting too expensive for both investors and consumers?
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 153 Buy predictions and 17 Sell predictions.
As a result the target price of 227 € shows a slightly positive potential of 13.05% compared to the current price of 200.8 € for Apple Inc..
