#1 - Apple (NASDAQ:AAPL)
Apple Inc. (NASDAQ: AAPL) has delivered a split-adjusted total return of over 870% in the past 10 years. That includes a dividend the company has increased in each of those years.
Can Apple keep this historic run going? It would seem so.
Apple just rolled out its first attempt at AI with “Apple Intelligence," giving the 25%+ of Apple owners who haven't seen a compelling reason to upgrade their phones for several reasons a reason to do so now.
This is why analysts are forecasting average earnings per share (EPS) growth of about 19% in the next three years. That will give Apple, which is already a cash-rich company, even more ammunition to fund future growth.
Even as the company’s earnings grow, it’s expected to have a forward P/E of around 28x to 29x during that period. That’s a premium to the S&P but offers a fair valuation in the technology sector.
About Apple
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.
Read More - Current Price
- $246.49
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 24 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $236.78 (3.9% Downside)
