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Apple Stock: Analysts Predict a Bright Future
Average Target Price Set at $237.21
Analysts Look Forward to Strong Earnings and Revenue
The outlook for Apple stock is bright, according to a recent survey of analysts. The 28 analysts with 12-month price forecasts for the stock have an average target of $237.21, with a low estimate of $180 and a high estimate of $280.
The analysts are bullish on Apple's prospects, citing the company's strong earnings and revenue growth. In the most recent quarter, Apple reported revenue of $83.4 billion, up 2% from the previous year. Earnings per share were $1.24, up 10% from the previous year.
The analysts also expect Apple to continue to benefit from the strong demand for its products, including the iPhone, iPad, and Mac. The company is also investing heavily in new technologies, such as artificial intelligence and augmented reality, which could drive future growth.
Overall, the analysts are confident that Apple is well-positioned for continued success. The company's strong financial performance, combined with its innovative products and services, should drive share prices higher in the coming year.
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