Apple Stock Forecast

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Apple Stock Forecast

Can Apple Stock Price Reach $600 In 5 Years?

Apple (APPL) stock remains a favorite among investors. Apple got the endorsement from Warren Buffett, and his investment company still holds a lot of APPL shares.

In the last 5-year period (trailing), Apple stock has gained 134% upside. The question now is how high Apple stock can go. Can it touch $600 in the next 5 years? To answer it, let's take a closer look at Apple.

Apple Has A Loyal Customer Base

Apple is not your run-of-the-mill business. It has unrivaled brand position and millions of loyal customers all over the world.

Apple also has a strong portfolio of products and services with global appeal. Apple operates mostly in the premium end of the market. This also means Apple can easily charge a premium for its products.

The Apple ecosystem is also designed to keep the customers locked in. This leads to immense brand loyalty over the years.

The bottom line is that Apple is a high-quality business, and it is not going to change in the next 5 years. This alone tells us that it is totally worth it to buy Apple stock for the long term.

Recently, Apple also announced that Siri AI will be coming to devices this year. Analysts think that the addition of AI into the iPhones will lead to higher product sales.

Looking ahead, the Apple stock price will depend on the AI strategy and the iPhone sales. Analysts think that the diluted EPS of Apple will grow at 12.9% annually from FY2025 to FY2028.

The only downside is that the P/E of Apple is 35.7. This makes the Apple stock look expensive, but it also means the market has higher expectations from the company.

In the last 5 years, the average returns of Apple were two times higher than the S&P 500. So considering everything, there's a 50% chance that Apple stock price could touch $600 in 5 years.

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