Company Of The Day: Apple

by Trefis Team
+7.53%
Upside
146
Market
157
Trefis
AAPL
Apple
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What?

Apple (NASDAQ:AAPL) stock closed at near-all time highs of about $149 per share in Monday’s trading, ahead of the company’s Q3 FY’21 earnings report which is due Tuesday. The company is now valued at almost $2.5 trillion.

Why?

Investors expect Apple’s earnings to grow, driven by the 5G iPhones and the ongoing work-from-home trend which is resulting in solid demand for tablets and personal computers.

So What?

We think a potentially strong set of Q3 FY’21 earnings are already priced into Apple stock, which trades at a relatively rich valuation compared to historical levels (about 29x projected FY’21 earnings).

See Our Complete Analysis For Apple

 

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