#1 - Apple (NASDAQ:AAPL)
Apple (NASDAQ:AAPL) is a stock that investors love to hate. It might have to do with the company’s ecosystem that has an extremely loyal base of followers. Whenever the company releases a new product, there’s always much hand-wringing about how this will be the time when Apple disappoints. Yet they don’t.
And while much of the attention is placed on the company’s iconic iPhone (and rightfully so), Apple has made its Services division a point of emphasis, and it’s paying off. In the most recent quarter, Apple posted $13.2 billion in revenue, a 15% gain from the same quarter in 2019.
The company has a business model that allows them to focus on the design elements of their products. And that’s a strategy that’s been rewarded by consumers and investors.
But it can be expensive. And that’s where there’s much more to like about Apple than just its product base. The company generates plenty of free cash flow. In the trailing twelve months ending June 30, 2020, Apple had a free cash flow of $7.17 billion and a debt-to-equity ratio of 0.6. Those are fundamentals that any investor can appreciate.
And with Apple just executing a four-for-one stock split, investors are getting a chance to pick up shares at a more attractive price point.
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
- $229.87
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $235.25 (2.3% Upside)
