Apple Inc most recently bought Tueo Health, which is a start-up that operates with system development that should help parents track asthma while their children are sleeping, with the help of an app.
Apple has been adding more health features to their list of services, especially to Apple Watch according to CNBC, where there are apps that can perform electrocardiogram. In the meanwhile, Apple’s CEO, Tim Cook, emphasizes that the company is on the lookout for talent, which is why they are making acquisitions every few weeks.
Additionally, Apple stock dropped with the latest closing as May is slowly coming to an end. Is Apple a buy or sell and what analysts have to say about APPL performance?
Apple Stock (APPL) Price Prediction May 2019 to May 2020
When it comes to performance in the market for APPL for the period between May 2019 and May 2020, 34 analysts are offering their predictions on Apple stock price forecast.
According to the poll of financial analysts, median price target for APPL stock is 221$, where low price forecast considers Apple stock could touch 150$. Estimates for Apple high price in the period between May 2019 and May 2020 is set at 245$.
The median target price is 23.4% higher than the latest closing price of 178$ concluded with May.
Apple Future Forecast: Is Apple Stock a Buy or Sell?
Out of 40 polled analysts according to CNN Business, 18 analysts indicate that APPL stock is a buy, 2 believe that the stock will outperform, 17 analysts think that investors should hold Apple stocks and 3 analysts think APPL is a sell.
General consensus is set to “buy” for Apple stock.
Apple Inc Q2 2019 Profits
In Q2 2019, Apple recorded 2.11$ in earnings per share, additionally reporting 53.5 billion in sales. Analysts predicted that Apple will touch 2.46$ EPS for the quarter, having next report being published on July 23rd, 2019.