# Apple Inc.  Share Price Target ‘$196.35’, now -11.4% Downside Potential

- Link: https://www.directorstalkinterviews.com/apple-inc.share-price-target-196.35-now-11.4-downside-potential/4121164217
- Published: 2024-07-08T12:09:29+01:00
- Author: Charlotte Edwards

**Apple Inc.** with ticker code (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 $253.33 and $151.08 with the average share target price sitting
at $196.35. (at the time of writing). Now with the previous closing price of $221.55
this would imply there is a potential downside of -11.4%. Also worth taking note
is the 50 day moving average now sits at $195.08 and the 200 day moving average 
is $184.61. The market capitalization for the company is 3.47T. The stock price 
is currently at: $226.34 USD

 The potential market cap would be $3,075,946,371,683 based on the market consensus.

The company has a dividend yield of 0.89%. Other points of data to note are a P/
E ratio of 35.2, 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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