Apple Inc Stock Intrinsic Value – Apple’s Stock Falls Despite Dan Ives’ Prediction of $4 Trillion Valuation

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Apple Inc ($NASDAQ:AAPL) is one of the world’s leading technology companies, and its stock has been a major success story.

However, recently, Apple’s stock has been falling despite predictions by Dan Ives, an analyst from Wedbush Securities, that it could reach a $4 trillion valuation. The news of Apple’s potential $4 trillion market value sent the company’s stock prices soaring to an all-time high in early June. However, in recent weeks, the stock has been dropping, with the Wall Street Journal reporting that it had dropped by nearly 4% in the past month. Despite this recent decline, Ives remains confident that Apple will reach his $4 trillion valuation target in the not-too-distant future. Despite its recent stocks drop, Apple is still in a strong position to reach the $4 trillion market value predicted by Dan Ives.

Share Price

Monday marked a disappointing day for APPLE INC investors, as the company’s stock opened at $196.1 and fell to $195.9 by the end of the day, representing a 0.8% decline from its previous closing price of $197.6. This drop occurred despite Dan Ives, an analyst at Wedbush Securities, having recently predicted that the tech giant could reach a $4 trillion market capitalization in the coming years. This is likely due to the fact that such a milestone is still some way off and investors may have expected more tangible successes short term. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Apple Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Apple Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Apple Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Apple Inc are shown below. More…

Analysis – Apple Inc Stock Intrinsic Value

At GoodWhale, we have conducted an in-depth analysis of the financials of APPLE INC. We have used our proprietary Valuation Line to calculate the company’s intrinsic value, which stands at $164.2 per share. We believe that APPLE INC is currently trading at a fair price of $195.9, which is 19.3% higher than the intrinsic value. This suggests that the stock may be slightly overvalued in the current market. More…

Peers

The competition between Apple Inc and its competitors, Cisco Systems Inc, Microsoft Corp, and Sony Group Corp, has been intense over the years. All of these companies have been competing to offer the best products and services to their customers. Each of them has been striving to create innovative solutions that will stay ahead of the competition. As a result, consumers have been the ultimate beneficiaries of this competition as they have access to cutting-edge technologies and products.

– Cisco Systems Inc ($NASDAQ:CSCO)

Cisco Systems Inc is a multinational technology company that designs, manufactures and sells networking equipment. As of 2023, the company has a market capitalization of 199.94 billion dollars, which makes it one of the largest technology companies in the world. Furthermore, its Return on Equity (ROE) stands at 23.05%, which is an indication of its impressive financial performance. Cisco Systems Inc has been successful in providing cutting-edge technological solutions and services to its customers, while maintaining a healthy financial footing.

– Microsoft Corp ($NASDAQ:MSFT)

Microsoft Corporation is a multinational technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Founded in 1975, Microsoft is one of the world’s leading companies in corporate technology. With a market cap of 1.84T as of 2023, Microsoft is one of the most valuable companies in the world. Microsoft’s Return on Equity (ROE) of 29.64% is also one of the highest rates in the corporate sector. This indicates that the corporation has been able to effectively utilize its equity to generate income and maximize shareholder wealth.

– Sony Group Corp ($TSE:6758)

Sony Group Corp is a leading multinational conglomerate corporation based in Japan. The company is engaged in the development, design, manufacture, and sale of electronic equipment, instruments, and devices for consumer, professional and industrial markets. As of 2023, Sony Group Corp has a market cap of 14.3T, making it one of the largest companies in the world. Additionally, the company has a Return on Equity (ROE) of 10.9%, which is an indication of its strong financial performance and profitability.

Summary

Apple Inc. has seen a massive increase in valuation over the last few years, and is now estimated to be worth over $4 trillion, according to Dan Ives of Wedbush Securities. Despite this incredible milestone, shares of the tech giant have recently dropped, leading investors to take a more cautious approach. Analysts believe the stock is still undervalued and could potentially reach even greater heights in the near future. With a strong balance sheet, solid sales growth, and a wide range of innovative products, Apple remains an attractive investment for long-term investors.

In addition, the company’s strong ecosystem of devices, software, and services provides a great level of security for those who choose to invest. Overall, Apple’s current market value and potential for future growth makes it a wise choice for investors.