Where Will Apple Stock Be in 3 Years?
From Nasdaq:
1. Apple’s stock has risen 44% since January 2021, outperforming the Nasdaq Composite. The company generates most of its revenue from the iPhone but is diversifying with other hardware products and software services.
2. Apple’s profitability is impressive, with a consistent net profit margin of over 20%. With $162 billion in cash and low debt, they are in a strong financial position and have been known to repurchase shares.
3. While Apple’s business is strong, its price-to-earnings (P/E) ratio is currently high at 29.9. This could create a 17% headwind for shareholders, and some investors may be disappointed with market-beating returns in the next three years.
4. The Motley Fool Stock Advisor team recommends 10 best stocks for investors to buy now, however, Apple isn’t one of them. Their Stock Advisor service has more than tripled the return of the S&P 500 since 2002.
5. Neil Patel and his clients have no position in Apple. The Motley Fool has positions in and recommends Apple.
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