From The Motley Fool · Neil Patel · · 50s
Apple Stock Forecast for 2031
Apple's stock could reach $563 in five years with steady profit growth.
In brief
Apple's stock could reach $563 in five years with steady profit growth. Apple's stock may rise to $563 in 2031 based on 9.6% annual EPS growth. Originally reported by The Motley Fool.
Apple's Core Business
Apple's devices, especially iPhones, will drive financial results far into the future.
Walled Garden Strength
The company's walled garden appears virtually impossible to disrupt, supporting a durable competitive position.
Services Growth
Services revenue rose 9.8% year over year in the fourth quarter, with over 2.5 billion devices.
Profit Growth Projections
Consensus analysts expect 9.6% annual EPS growth over the next three fiscal years.
Valuation Analysis
Apple trades at a 38.9 P/E ratio, with profit growth as the main catalyst for stock value.
Five-Year Stock Projection
Assuming steady growth, Apple's stock could reach $563 in 2031.
The bottom line
Apple's stock may rise to $563 in 2031 based on 9.6% annual EPS growth.
