These 3 Stocks Might Be Getting a Little Too Expensive
Anytime a stock is already trading at an inflated valuation, the potential for significant price appreciation shrinks. Worse yet, overpaying for a stock increases the risk of losses if a company's valuation falls back to its historical average or more in line with its peers.
With that in mind, here are three stocks that are starting to look a little too expensive.
With a market capitalization of $2.7 trillion, Apple (NASDAQ: AAPL) is the world's largest publicly-traded company and a particularly notable example of an expensive stock. Its shares have generated a total return of 31% so far in 2023, handily outpacing the S 500's total return of 9%.
Source Fool.com
Apple Inc. Stock
€174.52
0.760%
Currently there is a rather positive sentiment for Apple Inc. with 80 Buy predictions and 6 Sell predictions.
With a target price of 199 € there is a slightly positive potential of 14.03% for Apple Inc. compared to the current price of 174.52 €.
