- Apple positions itself to acquire U.S. streaming rights for Formula 1, strengthening its sports streaming offerings.
- Wall Street analysts set Apple's average price target at $231.40, indicating potential upside.
- GuruFocus estimates suggest a slight downside based on GF Value, highlighting valuation considerations.
Apple (AAPL, Financial) is taking strategic steps to bolster its streaming service, particularly in the sports sector. The tech giant is poised to acquire the U.S. streaming rights for Formula 1 races, surpassing Walt Disney's ESPN with an impressive annual bid of at least $150 million. This move is set to enhance Apple's sports streaming portfolio, which already includes Major League Soccer and professional baseball games.
Wall Street Analysts Forecast
Wall Street analysts are optimistic about Apple's future prospects, providing a one-year average target price of $231.40. This reflects a high estimate of $300.00 and a low estimate of $139.00, suggesting a potential upside of 9.59% from the current stock price of $211.16. Investors can access more detailed estimate data on the Apple Inc (AAPL, Financial) Forecast page, offering insights into future performance expectations.
In terms of brokerage recommendations, Apple Inc (AAPL, Financial) enjoys a favorable "Outperform" status, with an average brokerage recommendation of 2.2. This rating indicates confidence from 50 brokerage firms, based on a scale from 1 (Strong Buy) to 5 (Sell), further affirming confidence in Apple's growth trajectory.
Valuation Insights from GuruFocus
According to GuruFocus estimates, the GF Value for Apple in the coming year is projected at $210.84, suggesting a slight downside of 0.15% from the current price of $211.16. The GF Value provides an estimate of the stock's fair market value, derived from historical trading multiples, past business growth, and anticipated business performance. For comprehensive data and insights, visit the Apple Inc (AAPL, Financial) Summary page.
