Apple Inc.
AAPL Details
Apple Inc. (NASDAQ: AAPL) develops, manufactures, and markets smartphones, tablets, wearables, accessories, and a variety of linked devices. The company's key products include the iPhone, Mac, iPad, Wearables, and home accessories. Apple Inc. is the biggest company globally as per the market capitalization.
Latest News:
Q2Y22 Results:
Key Risk:
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
AAPL' stock price has fallen 18.38% in the past three months and is currently trading close to the lower end of its 52-week range of USD 122.86 to USD 182.94. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 178.56.
Considering the correction in the stock price, strong market presence, high margins, robust dividend yield, current valuation, and associated risks. We recommend a "Buy" rating on the stock at the closing price of USD 140.82 as of May 18, 2022.
One-Year Technical Price Chart (as on May 18, 2022). Source: REFINITIV, Analysis by Kalkine Group
Technical Analysis Summary:
Technical Indicators Defined: -
Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors’ appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the Valuation has been achieved and subject to the factors discussed above.
Note 3: The report publishing date is as per the Pacific Time Zone.