Key Highlights:
- Apple's ambitious entry into the smart glasses market aims to ship millions of units by 2027.
- Wall Street analysts anticipate a significant upside potential in Apple shares.
- Apple maintains an 'Outperform' rating from brokerage firms.
Apple Inc. (AAPL, Financial) is gearing up to make a bold move into the smart glasses sector by 2027 with its upcoming Ray-Ban-style smart glasses. Apple is projecting shipments of 3 to 5 million units, a strategy set to significantly enhance its market footprint. Designed for convenience and functionality, these glasses will feature audio playback, camera capabilities, and AI sensing, though they will notably lack a display. Through this venture, Apple aims to push the smart glasses market beyond 10 million units by 2027.
In-Depth Wall Street Analysts' Forecast
According to forecasts from 41 analysts, the one-year average price target for Apple Inc. (AAPL, Financial) is set at $231.02. Predictions range from a high of $300.00 to a low of $141.00. This average target price suggests a potential upside of 14.89% from the current trading price of $201.08. For more comprehensive analytics, visit the Apple Inc (AAPL) Forecast page.
Brokerage Firms' Ratings and Recommendations
The consensus recommendation from 50 brokerage firms positions Apple Inc. (AAPL, Financial) with an average rating of 2.2, which translates to an "Outperform" status. This rating scale spans from 1 to 5, where 1 indicates a Strong Buy, while 5 suggests a Sell.
Understanding Apple’s GF Value and Market Position
Based on GuruFocus projections, the estimated GF Value for Apple Inc. (AAPL, Financial) in the coming year is $209.75. This estimation indicates a potential upside of 4.31% from the current price of $201.08. The GF Value is GuruFocus' benchmark of the stock's fair trading value, rooted in its historical trading multiples, past business growth, and anticipated future business performance. Additional insights are accessible on the Apple Inc (AAPL) Summary page.
