Summary:
- Apple Inc. (AAPL, Financial) faces a significant revenue impact due to a federal court ruling favoring Epic Games.
- Analysts provide a mixed outlook with an average price target suggesting potential upside.
- GuruFocus estimates indicate a potential downside when comparing the current price to estimated GF Value.
Apple's Legal Setback: Potential Revenue Implications
Apple (AAPL) has been firmly directed by a federal judge to permit third-party payment options within its App Store. This ruling, spurred by a favorable verdict for Epic Games, underscores Apple's noncompliance with a previous judicial order. The decision could notably impact Apple's revenue derived from App Store commissions.
Wall Street Analysts' Outlook on Apple
Wall Street analysts have put forth their one-year price targets for Apple Inc (AAPL, Financial), presenting an average target price of $235.42. Projections range from a high of $300.00 to a low of $141.00. This average target price suggests a potential upside of 10.79% from its current trading price of $212.50. For more in-depth estimate data, visit the Apple Inc (AAPL) Forecast page.
The consensus recommendation from 50 brokerage firms places Apple Inc's (AAPL, Financial) average brokerage recommendation at 2.1, denoting an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 translates to a Strong Buy, and 5 indicates a Sell.
Evaluating Apple's GF Value Estimation
According to GuruFocus estimates, the projected GF Value for Apple Inc (AAPL, Financial) over the next year is $205.73. This suggests a potential downside of 3.19% from its present price of $212.50. The GF Value represents GuruFocus' fair value estimation of the stock, derived from historical trading multiples, past business growth, and future business performance forecasts. Additional data can be explored on the Apple Inc (AAPL) Summary page.
