No, it’s not getting a visionary CEO, although that certainly wouldn’t hurt, either. Apple stock is trading up roughly 26% so far in 2024. Investors may be wondering if the world’s most valuable company has room for more upside over the next two year. How does 38% to 73% gains from current levels sound, Apple investors?
Harsh Chauhan for The Motley Fool:
[A]nalysts expect Apple’s top line to increase by 6% in fiscal 2025 (which will coincide with nine months of calendar 2025) to $414.5 billion. Its earnings, on the other hand, are expected to increase by almost 10% to $7.39 per share. The growing adoption of generative AI smartphones is going to play a central role in helping accelerate Apple’s growth this year…
Apple’s earnings are expected to jump to $8.31 per share in fiscal 2026. If we multiply the projected earnings after two years by the U.S. technology sector’s average price-to-earnings ratio of 50, Apple’s stock price could hit $415 in a couple of years. That would be a 73% jump from current levels.
Apple is currently trading at 39 times trailing earnings and 32 times forward earnings, which means investors can buy this tech stock at a relatively attractive valuation. Of course, one might argue whether Apple deserves a 50x earnings multiple considering its slow pace of growth right now, but even if it trades at a relatively cheaper 40 times earnings after a couple of years, it could deliver 38% gains from current levels, giving investors a good reason to buy the stock right now.
MacDailyNews Take: From Chauhan’s lips to Mr. Market’s ears!
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PE of 50 for Apple is insane froth imo. Not a healthy market. Then again it could happen because the dollar is so ruined with inflation that smart money is running to equities that will always float over the ruined $
And despite your falsehoods, the US dollar remains quite strong compared to other currencies — the strongest it has been since 2003, and stronger than at any time during the first DJT term. https://www.marketwatch.com/investing/index/dxy
You really need to get your news from other sources, as they are feeding you an incorrect vision of the world economy and inflation picture. Try using facts instead of parroting BS narratives from your favorite talking heads.
Drop dead you leftist turd idiot. No one cares what you idiots think. Mentally ill dipshits.
Well that’s a reaaaaaaaaal show of intelligence from the dead man walking. D!ckhead doesn’t realize how accurate his online habdle is.