One-Minute Apple Stock Price Analysis #Shorts

Quick Apple stock price analysis and outlook in today’s #shorts video. Shares of Apple have jumped 74% in the last year but are they still a good buy?

Check out the stock simulator and Get a FREE share of stock worth up to $1000 when you open a Webull investing account with a $100 deposit! 🤑 https://mystockmarketbasics.com/webull

Like most tech stocks, Apple stock has boomed over the past year but is facing near-term challenges in the stock price. Shares have fallen 16% in the recent selloff and are still trading at a high PE ratio compared to recent history.

Analysts have an average price target of $151 per share over the next year which would be 34-times expected 2021 earnings of $4.45 per share. Apple stock has averaged 20-times on a PE basis over the last five years which would be closer to a $90 share price.

The Nikkei Asia reported last week that Apple cut its orders for iPhones from suppliers by 20% on weak demand for the 12 mini and the chip shortage could further hit production numbers. Apple will need news of the September refresh cycle and big time consumer spending soon if it’s going to keep up this valuation and investors might consider waiting for potential selloff.

🤑 Get The Daily Bow-Tie – my FREE daily email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! https://mystockmarketbasics.com/dailybowtie

My Investing Recommendations 📈

📊 Download this Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] https://mystockmarketbasics.com/spreadsheetdiscount

Check out the stock simulator and Get a FREE share of stock worth up to $1000 when you open a Webull investing account with a $100 deposit! 🤑 https://mystockmarketbasics.com/webull

Free Webinar – Discover how to create a personal investing plan and beat your goals in less than an hour! I’m revealing the Goals-Based Investing Strategy I developed working private wealth management in this free webinar. Reserve your spot now! https://mystockmarketbasics.com/free-investing-webinar

SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://peerfinance101.com/FreeMoneyVideos

Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
#stocks #apple