Where Will Apple Stock Be in 1 Year?
(NASDAQ: AAPL) posted its latest earnings report on May 2. For the second quarter of fiscal 2024 (which ended on March 31), the tech giant's revenue fell 4% year over year to $90.8 billion but exceeded analysts' estimates by $190 million. Net income dipped 2% to $23.6 billion, but the company's $43.3 billion in buybacks boosted its diluted EPS by a penny to $1.53 and cleared the consensus forecast by $0.03.
Apple's growth rates were anemic, but it boosted its quarterly dividend by 4% to $0.25 a share, which translates to a forward yield of 0.5%; and authorized a new $110 billion buyback plan, which is equivalent to 4% of its market cap.
Image source: Apple.
Source Fool.com
Apple Inc. Stock
€180.12
0.850%
Currently there is a rather positive sentiment for Apple Inc. with 81 Buy predictions and 5 Sell predictions.
With a target price of 200 € there is a slightly positive potential of 11.04% for Apple Inc. compared to the current price of 180.12 €.
