Added to YB: 2024-06-18
Pitch date: 2024-06-17
AAPL [bullish]
Apple Inc.
+58.6%
current return
Author Info
No bio for this author
Company Info
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.
Market Cap
$4.9T
Pitch Price
$215.63
Price Target
234.00 (-32%)
Dividend
0.32%
EV/EBITDA
25.83
P/E
38.28
EV/Sales
10.30
Sector
Technology Hardware, Storage and Peripherals
Category
growth
Apple: WWDC-Driven AI Super Cycle
AAPL: AI-driven software unveiled at WWDC to drive upgrade supercycle. New features like enhanced Siri, Writing Tools & Smart Scripts may spur sales as 38% of iPhone users have 3yr+ old devices. Despite conservative sellside ests (1.4% rev growth), strong capital allocation (147% ROE) warrants premium valuation. $234 PT for 10% upside. China ban a risk but likely offset by Western demand.
Read full article (8 min)