Where Will Apple Stock Be in 2 Years?
(NASDAQ: AAPL) stock is trading up roughly 26% so far in 2024 (as of this writing), closely matching the 26.8% gains clocked by the S 500 index. Given this above-average (nearly) one-year performance, investors may be wondering if the world's largest company by market cap has room for more upside in the new year.
After all, the majority of Apple's businesses have already matured, and the company has been growing at a modest pace of late. For instance, Apple's revenue in the fourth quarter of fiscal 2024 (which ended on Sept. 28) increased just 6% year over year to a record $94.9 billion. Its adjusted earnings, however, increased at a faster pace of 12% to $1.64 per share (after excluding the one-time charge it incurred on account of the reversal of the State Aid decision by the European General Court).
However, a closer look at Apple's latest quarterly results indicates that 2025 and 2026 may turn out to be better years for the company.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 73 Buy predictions and 7 Sell predictions.
As a result the target price of 280 € shows a slightly positive potential of 5.94% compared to the current price of 264.3 € for Apple Inc..
