# Apple Inc. – Consensus ‘buy’ rating and -.5% Downside Potential

- Link: https://www.directorstalkinterviews.com/apple-inc.consensus-buy-rating-and.5-downside-potential/4121165639
- Published: 2024-07-22T12:52:40+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 target
price High/Low ranges between $300.00 and $164.00 calculating the average target
price we see $223.02. Given that the stocks previous close was at $224.18 this would
imply there is a potential downside of -.5%. There is a 50 day moving average of
$206.13 while the 200 day moving average is $187.39. The company has a market capitalization
of 3.44T. The current share price for the company is: $224.31 USD

 The potential market cap would be $3,421,794,077,559 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 34.83, 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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