Analysts expect this mega-tech company to grow by 20.4% this year, and five companies have recently increased their EPS forecasts for the company.
Apple Inc. (AAPL)
From The Personal Capitalist
Great news! Katy Huberty, Morgan Stanley’s premier Apple analyst on 7/13 just raised her price target to $419, up from $340. Her Bull case is $636 with a Bear case $169. The Bull case requires services to grow beyond expectations. She now focuses upon the expanding iPhone trade-in programs which can unlock $147B of value and fund one third of iPhone purchases over the next three years. The iPhone has a strong resell value which is a key differentiator.
Of the 38 analysts who follow Apple: 12 rate it a “Strong Buy,” 16 as a “Buy,” 6 as a “Hold” and 2 as a “Sell.” We agree the strong analyst interest and look for Apple to have a great future. It has been a terrific PC stock ($388.23) up 497% from our portfolio purchase of $65 in January of 2013.
With a dividend of $3.29, our yield to cost is a little over 5%. It is our third largest holding behind Microsoft and our defense sector (RTX and PPA). Apple is one of America’s great companies. We plan to keep it.
Sean Christian, The Personal Capitalist, 9524 East 81st Street, Suite B #1715, Tulsa, OK 74133, July 15, 2020