# Apple Inc. – Consensus ‘buy’ rating and -13.1% Downside Potential

- Link: https://www.directorstalkinterviews.com/apple-inc.consensus-buy-rating-and-13.1-downside-potential/4121164998
- Published: 2024-07-15T12:04:13+01:00
- Author: Charlotte Edwards

**Apple Inc.** which can be found using ticker (AAPL) have now 37 market analysts
covering the stock. The analyst consensus now points to a rating of ‘buy’. The range
between the high target price and low target price is between $251.79 and $150.16
and has a mean target at $197.66. Given that the stocks previous close was at $227.57
this would indicate that there is a downside of -13.1%. The 50 day moving average
now sits at $201.00 while the 200 day moving average is $185.95. The market cap 
for the company is 3.54T. The current share price for the company is: $230.54 USD

 The potential market cap would be $3,070,494,625,092 based on the market consensus.

The company has a dividend yield of 5.22%. Other points of data to note are a P/
E ratio of 35.85, revenue per share of $24.54 and a 22.07% return on assets.

Apple Inc. (Apple) designs, manufactures and markets smartphones, personal computers,
tablets, wearables and accessories and sells a range of related services. The Company’s
products include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products,
HomePod, iPod touch and accessories. The Company operates various platforms, including
the App Store, which allows customers to discover and download applications and 
digital content, such as books, music, video, games and podcasts. Apple offers digital
content through subscription-based services, including Apple Arcade, Apple Music,
Apple News+, Apple TV+ and Apple Fitness+. Apple also offers a range of other services,
such as AppleCare, iCloud, Apple Card and Apple Pay. Apple sells its products and
resells third-party products in a range of markets, including directly to consumers,
small and mid-sized businesses, and education, enterprise and government customers
through its retail and online stores and its direct sales force.

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