SharonWon
2022-11-19
$Apple(AAPL)$ At today’s prices, Apple stock trades for around 24 times trailing twelve-month earnings. To some, this may appear pricey, given the potential for growth deceleration, plus the fact that, with rising interest rates, even the most high-quality of stocks have moved down to valuations under 20 times earnings.

However, it’s possible that AAPL stock can maintain this valuation, throughout the current rough patch. Although the market has its concerns, it’s well aware that this company is much better-positioned to bounce back from the in-progress downturn than its peers.

While Alphabet and Meta may be still struggling to get earnings back to pandemic-era highs in 2024,FY2024 earnings forecastscall for Apple to report earnings of $6.83 per share, well above the $6.11 per share reported this fiscal year, and the $5.61 in EPS reported during FY21.

With less uncertainty over future results, it’s doubtful investors will push AAPL stock much lower than it currently stands today. From there, as the recovery takes shape, and the anticipated re-acceleration of earnings growth begins to appear in its results, shares will likely kick off a trip back toward their all-time high, and then onto new highs.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • bubblyx
    2022-11-19
    bubblyx
    The company is only in the single digit growth phase and would be lucky if it doesn't go negative in a few months. Trading at 25 times PE means it is high risk. sell this before it crash down to $100
  • pixiezz
    2022-11-19
    pixiezz
    A very simple fact, hold AAPL and be rewarded. It is the only Fortune 500 stock I hold knowing that APPLE will not disappoint.
  • vippy
    2022-11-19
    vippy
    I would not be surprised if AAPL would not raise his muscle control, while Dow F is about to pop up.
  • Orange Peel
    2022-11-19
    Orange Peel
    good buy
  • Yx tan
    2022-11-20
    Yx tan
    Ok
  • ben88
    2022-11-19
    ben88
    like.
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