- Apple (AAPL, Financial) has suspended Fortnite on iOS, reigniting past controversies with Epic Games.
- Analysts project Apple to have a 9.08% upside from its current stock price, with a high forecast of $300.00.
- GuruFocus estimates suggest a potential downside of 1.46% from current valuations based on GF Value metrics.
Apple Inc. (AAPL) has once again found itself at the center of the gaming world controversy by halting the availability of Fortnite on iOS. This decision, rooted in a dispute over commission fees, echoes the high-profile clash from 2020, where Fortnite was removed after implementing an alternative payment method to circumvent Apple's standard 30% fee.
Wall Street Analysts Forecast
According to forecasts from a pool of 43 analysts, Apple Inc. (AAPL, Financial) sees an average price target of $231.55 over the next year. Projections set the high estimate at $300.00, while the low touches $141.00. This average target reflects a potential 9.08% upside from the current stock price of $212.28. Investors can explore more detailed estimates on the Apple Inc (AAPL) Forecast page.
On the consensus recommendation front, 51 brokerage firms collectively assign Apple Inc. (AAPL, Financial) an average recommendation of 2.2, suggesting an "Outperform" status. The scoring, which ranges from 1 (Strong Buy) to 5 (Sell), indicates robust analyst confidence in Apple's market position.
Looking through the lens of GuruFocus' proprietary metrics, the GF Value projects Apple's price in one year to be around $209.19, hinting at a potential 1.46% downside from its present valuation of $212.28. The GF Value is a comprehensive estimate, factoring in Apple's historical trading multiples, past growth trajectories, and anticipated future performance. Additional insights are available on the Apple Inc (AAPL, Financial) Summary page.
