Apple Analyst Ratings and Upcoming Earnings
Apple Inc. (NASDAQ: AAPL) is currently trading slightly below the average 12-month analyst price target of $319, with shares approximately 4% off their record high. Of the 47 analysts covering the stock, 29 maintain a buy rating, while the company is set to report its fiscal third-quarter results on July 30.
The average price targets for Apple vary significantly, ranging from a low of $215 to a high of $400, with a median target of about $329. Apple shares have increased by about 59% from their 52-week low of $201.50 and reached a peak of $334.99 recently, reflecting substantial revenue growth, including a record $57 billion in iPhone revenue for the March quarter—up 22% year-over-year.
As Apple prepares for its earnings report, it trades at roughly 40 times earnings, suggesting limited room for quote growth should performance soften. Investors await insights into the company’s ongoing momentum, particularly with recent developments such as a potential device-leasing program launching on July 28.
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