#2 - Apple (NASDAQ:AAPL)
Another FAANG stock to make this list is Apple (NASDAQ:AAPL). Like Alphabet, Apple is simply a gigantic company that carries a market cap of $2.48 trillion as of this writing.
In September, Apple is launching the latest version of its iPhone. To capitalize on this 5G-fueled iPhone supercycle, Apple has ambitious plans to manufacture 90 million of the devices this year.
However, the narrative about the company being “just about the iPhone” is hopefully being put to bed. The long waiting list for its products due to the global chip shortage is a testimony to the stickiness of Apple as a brand.
That was backed up in the company’s most recent earnings report when the company reported revenue that was 50% higher for the year. This easily exceeded analysts’ expectations. But that’s something investors have come to expect from Apple.
Moving forward, Apple already is displaying growth in its Services and Wearables sectors. It has launched a new version of Apple TV. And the company is said to be dabbling in the area of autonomous vehicles.
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
- $228.44
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 23 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $235.25 (3.0% Upside)
