Apple Inc. (AAPL): Among the Best Forever Stocks to Buy Right Now

Apple Inc. (AAPL) has consistently been a top performer in the tech industry, and its strong financial performance, innovative products, and growth prospects make it an attractive choice for investors seeking long-term growth. With a market capitalization of $3.67 trillion, Apple is the most valuable company in the world, and its stock has returned over 1,000% since 2010. In this article, we will explore the key factors that make Apple a strong candidate for a "forever stock" investment and discuss its competitive edge in the tech industry.

Strong Financial Performance and Growth Prospects

Apple's financial performance has been exceptional, with revenue and earnings growth over the past decade. In the last fiscal year, Apple's revenue grew by 8% year-over-year, and earnings per share (EPS) increased by 9%. The company's strong financial performance is driven by its diverse product portfolio and growing services revenue. Apple's services revenue, which includes Apple Music, Apple TV+, and Apple Arcade, has been growing rapidly, contributing to the company's overall revenue and providing a stable, recurring revenue stream.



Innovative Products and Services

Apple's commitment to innovation is a key factor in maintaining its competitive edge and driving long-term growth. The company consistently invests in research and development to create new products and services that cater to evolving customer needs and preferences. Some of Apple's recent innovations include Apple Intelligence, a new on-device intelligence platform that enhances the user experience, and the Apple Watch Series 8, which features advanced health and fitness tracking capabilities. These innovative products and services help Apple maintain its leadership in the tech industry and attract new customers.

Strong Brand and Customer Loyalty

Apple has a strong brand and high customer loyalty, with an active installed base of devices that continues to grow. This loyalty helps drive repeat purchases and increases the likelihood of customers buying new products and services. Apple's strong brand and customer loyalty are reflected in its high customer satisfaction scores and the high percentage of customers who purchase multiple Apple products.

Expanding into New Markets

Apple is exploring new markets, such as self-driving cars and the metaverse, which could provide additional growth opportunities in the coming years. The company's strong supply chain and record of disrupting markets it enters into indicate that it has a chance to make a dent in these nascent spaces. Entry into these new markets could help Apple double its revenue and market cap in the long run.

Analyst Ratings and Price Targets

The average analyst rating for Apple stock from 33 stock analysts is "Buy," indicating that analysts believe this stock is likely to outperform the market over the next twelve months. The average price target is $250.95, which represents a 3.90% upside from the last price of $241.53. The highest price target is $325.00, while the lowest price target is $188.00.

Conclusion

Apple Inc. (AAPL) is a strong candidate for a "forever stock" investment due to its strong financial performance, innovative products and services, strong brand and customer loyalty, and expansion into new markets. The company's commitment to innovation, strong financial performance, and growth prospects make it an attractive choice for investors seeking long-term growth in the tech industry. With a market capitalization of $3.67 trillion, Apple is the most valuable company in the world, and its stock has returned over 1,000% since 2010. Investors should consider adding Apple to their portfolios for long-term growth and stability.