Apple stock forecast: AAPL drops after all-time high
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get all exclusive analysis, access our analysis and get Gold and signals alerts
Elevate your trading Journey.
UPGRADE- AAPL fell below $180 on Tuesday.
- Apple stock reached a market valuation of $3 trillion on Monday.
- Dow up about 1% on Tuesday
Despite the Dow almost rising 1%, Apple (AAPL) shares are trading lower on Tuesday one day after making stock market history in the year's first session. Apple, the biggest US stock, began the year with a bang, breaking to an all-time high and momentarily eclipsing the $3 trillion market capitalization for the first time in US stock market history on Monday. At the time of writing, shares are trading at $179.75, down about 1.3%.
Apple Stock News: $3 trillion in the history books
Though it closed at $2.98 trillion on Monday, AAPL briefly broke the $3 trillion valuation when it hit a high of $182.88. This was the first time that has happened for any US public company. Microsoft (MSFT), its nearest competitor, is worth about $2.5 trillion.
AAPL key statistics
| Market Cap | $2.99 trillion |
| Price/Earnings | 32 |
| Price/Sales | 8 |
| Price/Book | 47 |
| Enterprise Value | $3.01 trillion |
| Operating Margin | 30% |
| Profit Margin |
26% |
| 52-week high | $182.90 |
| 52-week low | $116.21 |
| Short Interest | 1% |
| Average Wall Street Rating and Price Target | Buy, $175.76 |
Apple Stock Forecast: $200 remains the target
AAPL shares dropped more than 1.3% about 90 minutes into the Tuesday session. At the moment, the stock has bounced off $179.50, which also provided support on Monday. Further support sits at $177.50, as can be seen in the 15-minute chart below.
This may be just a pullback after an all-time high. Nothing to see here. Move along. FXStreet thinks the road to $200 is an almost certainty this year, although when is anyone's guess. Massive continuing share buybacks that remove about 1% of outstanding shares each quarter make this one a must-own by institutional investors, and its price-to-earnings ratio of 32 means its not yet expensive in comparison to other top stocks.
AAPL 15-minute chart
Like this article? Help us with some feedback by answering this survey:
- AAPL fell below $180 on Tuesday.
- Apple stock reached a market valuation of $3 trillion on Monday.
- Dow up about 1% on Tuesday
Despite the Dow almost rising 1%, Apple (AAPL) shares are trading lower on Tuesday one day after making stock market history in the year's first session. Apple, the biggest US stock, began the year with a bang, breaking to an all-time high and momentarily eclipsing the $3 trillion market capitalization for the first time in US stock market history on Monday. At the time of writing, shares are trading at $179.75, down about 1.3%.
Apple Stock News: $3 trillion in the history books
Though it closed at $2.98 trillion on Monday, AAPL briefly broke the $3 trillion valuation when it hit a high of $182.88. This was the first time that has happened for any US public company. Microsoft (MSFT), its nearest competitor, is worth about $2.5 trillion.
AAPL key statistics
| Market Cap | $2.99 trillion |
| Price/Earnings | 32 |
| Price/Sales | 8 |
| Price/Book | 47 |
| Enterprise Value | $3.01 trillion |
| Operating Margin | 30% |
| Profit Margin |
26% |
| 52-week high | $182.90 |
| 52-week low | $116.21 |
| Short Interest | 1% |
| Average Wall Street Rating and Price Target | Buy, $175.76 |
Apple Stock Forecast: $200 remains the target
AAPL shares dropped more than 1.3% about 90 minutes into the Tuesday session. At the moment, the stock has bounced off $179.50, which also provided support on Monday. Further support sits at $177.50, as can be seen in the 15-minute chart below.
This may be just a pullback after an all-time high. Nothing to see here. Move along. FXStreet thinks the road to $200 is an almost certainty this year, although when is anyone's guess. Massive continuing share buybacks that remove about 1% of outstanding shares each quarter make this one a must-own by institutional investors, and its price-to-earnings ratio of 32 means its not yet expensive in comparison to other top stocks.
AAPL 15-minute chart
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.