On a consensus basis, Wall Street sell-side analysts have a mean target price of $143.875 for Apple Inc. (NASDAQ:AAPL). This number is based on the mean estimate from the 24 research firms that recently issued reports on the company.
According to analysts, Apple Inc. (NASDAQ:AAPL) is expected to report earnings per share for the current fiscal quarter of $1.7. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2015-03-31 of $2.33.
The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock is ranked 1.73 based on 24 sell-side broker recommendations. Of the 24 analyst estimates, the most bullish sees the stock reaching $185 within the next 12 months while the most bearish analyst sees the stock at $115 within the year.
In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $8.97. The high end estimate for this time frame is $10.11 with the low being $7.69. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 13.96%, based on 7 analysts providing projections.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.
