Why is Apple stock sinking? (2024)

Why is Apple stock sinking?

Apple's Wall Street woes continued Tuesday as shares of the iPhone maker headed toward their lowest level in more than four months as investor anxiety mounts about Apple's artificial intelligence efforts and its slumping China business.

Why is Apple stock going down so much?

Currently, Apple stock is out of favor with markets, with fears over its China business being among the key factors spooking investors. At the same time, names like Tesla and Nike (NKE), which also generate a significant share of revenues from China, have also been under pressure amid a slowdown in that market.

What is the future of Apple stock?

AAPL Stock 12 Months Forecast

Based on 28 Wall Street analysts offering 12 month price targets for Apple in the last 3 months. The average price target is $203.40 with a high forecast of $250.00 and a low forecast of $158.00. The average price target represents a 18.61% change from the last price of $171.48.

What is the prediction for Apple stock?

Stock Price Forecast

The 31 analysts with 12-month price forecasts for Apple stock have an average target of 205, with a low estimate of 158 and a high estimate of 250. The average target predicts an increase of 20.84% from the current stock price of 169.65.

Is Apple a buy or sell stock?

Apple stock has received a consensus rating of buy. The average rating score is Aaa and is based on 67 buy ratings, 30 hold ratings, and 2 sell ratings.

Is it good to invest in Apple now?

Apple (AAPL)

The best growth stocks have a Composite Rating of 90 or better. Apple is one of the Magnificent Seven stocks, which fueled the big stock market rally in 2023. Plus, Apple ranked No. 5 on IBD's 2022 100 Best ESG Companies list. ESG is short for environmental, social and governance.

Is Apple a good stock to buy 2024?

In Q1 2024, product sales in Europe, Apple's second-largest market, posted revenue growth of 10% year over year. Meanwhile, sales in Japan soared 15%. Moreover, the recent launch of Apple's first virtual/augmented reality (VR/AR) headset, the Vision Pro, could become a key growth catalyst in the coming years.

What will Apple be worth in 10 years?

Where will Apple stock be in 10 years? CoinPriceForecast anticipated AAPL could be at $417 by the end of 2033 and hit $439 by the end of the following year.

Who owns the most Apple stock?

Vanguard owns the most shares of Apple (AAPL).

Who is the largest shareholder of Apple?

Apple Inc. is the world's second-largest company by market value. The company's market cap was about $2.64 trillion as of March 2024. The Vanguard Group was Apple's top shareholder as of January 2024 with more than 1.27 billion shares representing 8.27% of total shares.

Is AMZN a buy right now?

Amazon has a conensus rating of Strong Buy which is based on 41 buy ratings, 0 hold ratings and 0 sell ratings. What is Amazon's price target? The average price target for Amazon is $209.74. This is based on 41 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

What is Apple's prediction for 2024?

After Apple's recent earnings report, 43 analysts projected the company's 2024 revenue to come in at $388.3 billion, similar to the previous 12 months. Predicted earnings per share stood at $6.55, also consistent with last year's results.

What will AAPL be worth in 5 years?

Apple Inc quote is equal to 168.930 USD at 2024-04-03. Based on our forecasts, a long-term increase is expected, the "AAPL" stock price prognosis for 2029-03-27 is 315.400 USD. With a 5-year investment, the revenue is expected to be around +86.7%. Your current $100 investment may be up to $186.7 in 2029.

Is Tesla a buy sell or hold?

Is Tesla stock a Buy, Sell or Hold? Tesla stock has received a consensus rating of buy. The average rating score is and is based on 45 buy ratings, 33 hold ratings, and 15 sell ratings.

What are the best stocks to invest in 2024?

How much will Apple stock be worth in 2025?

Is Apple stock worth for long-term?

Apple stock looks expensive, given the sluggish earnings growth expected for 2024. In fact, of all the Magnificent Seven stocks, Apple has the lowest long-term earnings growth rate (9% expected), yet trades for a premium 28 times Wall Street analysts' expectations for next year's earnings.

Will Apple reach $1,000 per share?

It's possible that Apple stock could reach $500 or even $1,000 in the future. However, there are a number of factors that could affect its price, including the company's financial performance, the overall state of the economy, and the performance of the broader tech sector.

Is Apple stock Overvalued?

With its 2-star rating, we believe Apple's stock is overvalued compared with our long-term fair value estimate of $160 per share. Our valuation implies a fiscal 2024 adjusted price/earnings multiple of 25 times, a fiscal 2024 enterprise value/sales multiple of 7 times, and a fiscal 2024 free cash flow yield of 4%.

What is Apple stock return in the last 5 years?

Five Year Stock Price Total Return for Apple is calculated as follows: Last Close Price [ 168.84 ] / Adj Prior Close Price [ 47.02 ] (-) 1 (=) Total Return [ 259.1% ] Prior price dividend adjustment factor is 0.96.

Will stocks go back up in 2024?

Positive returns -- but smaller than in 2023

I think that the overall stock market will deliver positive returns in 2024. However, I expect those returns to be somewhat smaller than they were last year.

Will Apple do well in the future?

Indeed, it may well be an even bigger company by 2027 than the $2.6 trillion behemoth it is right now. On the flip side, don't be short-sighted. Sales of the iPhone alone account for roughly half of Apple's top line, but neither unit sales nor iPhone revenue itself have surpassed 2020/2021's peak.

Will Apple stock reach $700 again?

"Apple's been on top for so long now," says Matt Warman in Britain's Telegraph, "there is only one way it can go." Indeed, Apple shares will never get back to $700, says The Economist.

What is the best long term stocks to buy?

What will Amazon be worth in 2030?

Amazon could continue to grow faster than Apple through the end of the decade, but its valuations are a bit stretched. If Amazon maintains its current valuations, matches analysts' expectations, and grows its EPS at a CAGR of 20% from 2025 to 2030, its market cap would reach $5.5 trillion by the final year.