Apple Stock (AAPL) Price Forecast 2023,2025,2030 – Can AAPL Hit $1000?

2023/01/17By: C, Fiona

Abstract:

 

  • Apple Stock Price Forecast 2023:Despite the drop in price, Apple stock is expected to be a top performer in 2023, according to analysts. Apple’s price prediction for the following year has risen to $172.8.
  • Apple Stock Price Forecast 2024 is $218
  • Apple Stock Price Forecast 2025 is $262
  • Apple Stock Price Forecast 2026 is $303
  • Apple Stock Price Forecast 2027 is $342
  • Apple Stock Price Forecast 2030 is $442

 

 

Investors have long flocked to Apple Inc. Apple also has its own dedicated group of investors in addition to its customer base. Even during the Covid era, the stock never let down shareholders. For instance, for a long period of time, it has outperformed the Nasdaq 100 and the S&P 500.

 

It’s time to reevaluate Apple stock and decide if you want to add it to your 2023 buy list now that 2022 is winding down.

 

 

 

Apple Stock (AAPL) Price Analysis

 

The year ended with a strong closing for the stock market. Over the course of the previous trading day, all of the big technology stocks rose. Despite a downward trend that began last week, AAPL ended the day up 2.83 percent. Apple stock is down about 30 percent this year, and it sank by nearly 6 percent on its worst trading day of the year, September 13.

 

Currently, AAPL is trading at a discount of 30% to its 52-week high, while its 52-week low stands at $125.87.

 

image 736

 

 

On the previous trading day, AAPL stock reversed its downward trend and ended the day almost 3% higher. According to the 4-hour chart above, the stock of AAPL reversed course after testing the support level of $125.87. AAPL has crossed above its 5-day MA and is following its 10-day MA upwards. But AAPL still trades under its 50-day, 100-day, and 200-day moving averages.

 

Technically speaking, AAPL share price is bullish right now, and $126.03 is a key level of support. AAPL is met with $132.40 in opposition. If AAPL breaks out above the initial resistance level, the 50-day moving average (now around $139) would be in range to be retested.

 

The fact that AAPL is currently trading under both the 50-day and 200-day moving averages is the company’s biggest problem. For context, AAPL is trading at a discount of more than 15% compared to its 200-day moving average, often regarded as the market’s most reliable historical barometer.

 

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Apple Stock (AAPL) Latest Updates

 

Apple is still the best FAANG stock in 2023: AAPL is down over a quarter this year, and it is no longer the world’s largest firm, with a market cap of more than $3 trillion. AAPL, on the other hand, remains the best performing of the FAANG stocks.

 

Apple Fined 1 Million Euros By Paris Court: Apple was fined one million euros by a Paris court for its App Store. The court determined that Apple placed clauses on French app developers that constituted abuse under French law.

 

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Can AAPL Hit $1000? : Pros and Cons

 

Growth of the service segment – Apple’s little reliance on the advertising business in 2022 is one of the major reasons for the company’s outperformance of its share. Over the past few years, Apple Inc. has put a lot of emphasis on advertising its services. That’s why it’s the most profitable division of the corporation. Twenty percent of the recent quarter’s $90 billion in revenue came from the service sector, but it generated thirty percent of the quarter’s net profitability.

 

The service industry is expanding, and its profit margin is expanding along with it. The product division’s profit margin fell by 152 basis points in the most recent quarter, while the service division’s profit margin increased by 169 basis points. The service industry is unquestionably the one to watch in the next decade.

 

 

Disruption in iPhone production – At the moment, investors are most worried about Apple’s reliance on China to produce iPhones. Covid-19 instances are on the rise once more in the country, and in response to the government’s regulations, multiple lockdowns have been declared in the previous couple of months, halting iPhone production. Foxconn employees, who are responsible for manufacturing 70% of iPhones, have pushed back hard.

JP Morgan Chase predicts that by 2025, about 25% of Apple’s goods would be manufactured in India, and the company is actively seeking to diversify iPhone production in the country. However, Apple now predicts that it will sell at least 3 million fewer iPhone 14s this year than it had anticipated. Apple’s dependence on China could be detrimental to the company in the years to come.

 

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Can Apple Stock Hit $1000?: Analysis

 

The price per share right now for Apple Inc. is $147.81. (as of 2.12.2022). The current share price of $148 is based on the company’s P/E ratio of 24.30 and its EPS of 6.11.

 

Now the service segment is forecast to grow at a CAGR of 3% through 2030 from 2021, generating $388 billion, while the service segment is expected to increase at a CAGR of 18% to $304 billion. As a result, $692 billion in total income is projected by 2030, with services accounting for $440 billion and hardware for $560 billion.

In a similar vein, EPS projections go from $5.61 in 2022 to $7.96 in 2026, representing a CAGR of 7.24%. It is reasonable to expect a CAGR of 10% for the service sector over the next decade, given the industry’s promising future.

 

Will apple reach $1000

 

By 2031, analysts anticipate that earnings will amount to $14.55. The average P/E over the past five years is 24, and it is projected to increase further over the next several years as a result of the service sector. This implies a predicted share price of $363 in 2031 based on a relatively low P/E of 25. Therefore, even for a prosperous and expanding firm like Apple Inc., $1,000 is far too high.

 

 

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Conclusion

 

Apple Inc. is not among the fastest-growing but rather one of the most stable firms in the world. It stands out from rivals thanks to its dominant market share in the service sector and healthy free cash flow. Could Apple sell for $1,000? It’s a long-term play, and the aim may be too optimistic for Apple shares. Think about Apple Inc.’s well-known share buyback and its ensuing benefits.

 

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