Is It Too Late to Buy Apple Stock?
(NASDAQ: AAPL) posted its latest earnings report on Aug. 1. For the third quarter of fiscal 2024, ended on June 29, the tech titan's revenue rose 5% year over year to $85.8 billion and exceeded analysts' estimates by $1.4 billion. Its earnings increased 11% to $1.40 per share and also cleared the consensus forecast by $0.06.
Apple's headline numbers were stable, but it's already rallied roughly 304% over the past five years and is trading about 12% below its all-time high. So is it too late to buy this blue-chip tech stock?
Image source: Apple.
Source Fool.com
Apple Inc. Stock
€198.10
1.440%
Our community is currently high on Apple Inc. with 102 Buy predictions and 9 Sell predictions.
As a result the target price of 212 € shows a slightly positive potential of 7.02% compared to the current price of 198.1 € for Apple Inc..
