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If Apple's stock falls to a P/E ratio of 30, the stock price would need to decline by nearly 30%. A P/E ratio of 25 (around the S&P 500's valuation) would imply a fall of more than 40%.
Apple stock, which closed at a record $251.04 on Monday, has gained more than 50% since bottoming out around $165 in April when the company launched Apple Intelligence—the name for its phone ...
Shares of Apple (NASDAQ: AAPL) have delivered returns of 33% in 2024 as of this Dec. 30. They have gained momentum since the company released results for its fiscal 2024 fourth quarter (which ...
Apple stock touched $260 early Thursday — a record intraday high — before modestly paring gains. The stock still notched its latest record close, as shares edged up 0.3% on Thursday to $259 ...
Apple's stock surged 7% on Tuesday to reach a record-high close for the first time in 2024 as investors digested the announcement of its AI platform, Apple Intelligence. Shares in the iPhone maker ...
Apple is too good a business to sell, but investors should probably wait to buy until its valuation cools off or there is more certainty in Apple's growth prospects. Consider the stock a hold today.