Apple stock hits all-time high with positive outlook for growth and long-term investment potential

From Nasdaq: 2024-10-18 10:15:00

Apple’s stock has reached new all-time highs, reflecting strong bullish momentum. Quarterly results are expected on October 31st, with a 5% increase in EPS and 5.6% growth in sales forecasted. The company’s Services revenue is expected to be at an all-time high, with positive outlooks for growth.

Although Apple’s valuation is rich, its consistent earnings growth and dividend yield make it an attractive long-term investment. The stock trades at a premium relative to the S&P 500, but its impressive cash-generating abilities and consistent performance justify its position in investor portfolios.

Experts recommend Apple shares as a buy due to their bullish momentum and strong fundamentals. Despite elevated valuations, historical performance and future growth prospects, including Services revenue and new product releases, support the case for continued upside potential in Apple stock.



Read more at Nasdaq: Apple Shares Hit All-Time High: Time to Buy?