Based on the Apple stock forecast from 21 analysts, the average analyst target price for Apple is USD 177.02 over the next 12 months. Apple average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Apple is Slightly Bullish , which is based on 10 positive signals and 5 negative signals. At the last closing, Apple stock price was USD 170.03. Apple stock price has changed by -2.37% over the past week, +11.17% over the past month and +14.61% over the last year.

1. Page 1 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | NSD | Common Stock
Values as of 25th Aug, 2022
Stock Target Advisor
Detailed Stock Report
Report Date: 26th August, 2022
Last Close
USD 170.03
Change
+2.50(+1.49%)
Market Cap
USD 2,692.34B
1 Yr Capital Gain
15.24%
1 Yr Dividend Return
0.61%
1 Yr Total
Return
15.85%
Earning Growth (5 yr)
107.24%
Average Target Price
177.02(+4.11% )
Average Analyst
Rating
Strong Buy
Fundamental
Analysis
Slightly Bullish
Our view of the stock is Slightly Bullish with a score of 6.7 out of 10, where 0 is very bearish and 10 very bullish
What to like
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although
stability is good, also keep in mind it can limit returns.
Superior total returns
The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top
quartile.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
What to not like
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering
to buy.
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and
management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are
considering to buy.

2. Page 2 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.

3. Page 3 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 26th August, 2022
Adjusted Closing Share Volume
Relative Returns Relative Performance (Total Returns)
Security Capital Gain Dividend Return Total Return
AAPL
Apple Inc
+14.6% +0.6% +15.2%
QQQ
Invesco QQQ Trust
-14.5% +0.4% -14.1%
Company Overview
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also
sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line
of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV,
Apple Watch, Beats products, HomePod, and iPod touch. Further, it provides AppleCare support services; cloud services store services; and
operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as
books, music, video, games, and podcasts. Additionally, the company offers various services, such as Apple Arcade, a game subscription
service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news
and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless
payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the
education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company
also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers,
retailers, and resellers. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California. Address: One Apple Park Way,
Cupertino, CA, United States, 95014

4. Page 4 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Company Website
https://www.apple.com
Address
One Apple Park Way, Cupertino, CA, United States, 95014
Fiscal Year End
September
Employees
154000
Technical Indicators
Value Value
Beta 1.23 52 Week High 182.19
Short Ratio 1.47 52 Week Low 128.86
Shorted Shares 115,400,891 200 Day Moving Average 160.70
Shorted Shares Previous Month 107,535,584 50 Day Moving Average 153.13
Shares Held By Insiders 7.00% Short Percentage 1.00%
Shares Held by Institutions 59.58 Dividend Yield 0.55%

5. Page 5 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 26th August, 2022
Market Performance
Market Performance vs. Industry / Classification (Consumer Electronics) Market Performance vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
YTD
Capital Gain -4.25% -38.1% 100% -16.8% 66%
Dividend Return 0.38% 0.4% 100% 1.5% 11%
Total Return -3.86% -38.1% 100% -15.7% 65%
Trailing 12 Months
Capital Gain 15.24% -51.1% 100% -19.6% 90%
Dividend Return 0.61% 0.6% 100% 2.4% 12%
Total Return 15.85% -51.1% 100% -17.5% 90%
Trailing 5 Years
Capital Gain 325.45% 32.2% 86% 7.5% 93%
Dividend Return 9.95% 9.9% 100% 10.9% 44%
Total Return 335.39% 32.2% 86% 17.9% 93%
Average Annual (5 Year Horizon)
Capital Gain 42.13% 42.1% 50% 0.4% 88%
Dividend Return 1.27% 1.3% 100% 1.8% 37%
Total Return 43.40% 43.4% 50% 1.6% 89%
Risk Return Profile
Volatility (Standard
Deviation)
36.21% 149.3% 100% 32.8% 43%
Risk Adjusted Return 119.84% N/A 100% 14.3% 99%
Market Capitalization 2,692.34B 0.29B 100% 0.50B 100%

6. Page 6 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Key Financial Ratios
Ratios vs. Industry / Classification (Computer Hardware) Ratios vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
Market Value
peratio 27.7 27.7 57% 16.7 31%
pbratio 46.3 3.2 13% 1.8 2%
pcfratio 25.9 7.3 25% -0.2 12%
pfcfratio 21.0 9.6 25% 0.5 13%
Management Effectiveness
retequity 162.82% -2.5% 100% -1.1% 100%
retinvcap 51.66% 3.8% 88% -0.5% 96%
retass 22.20% 1.7% 100% -0.2% 99%
debtequityratio 172.94% 18.1% 33% 32.5% 12%
Technical Ratios
yield 0.55% 0.6% 100% 2.7% 7%
sratio 1.47 5.64 88% 3.66 73%
spercent 0.67% 8.2% 100% 2.8% 78%
beta 1.23 1.23 50% 1.07 38%

7. Page 7 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 26th August, 2022
Recent Analyst Ratings
Price Action Rating Action Analyst Rating Price date
Maintains KeyBanc Overweight USD 177 » USD 185 2022-08-19
Target Morningstar Inc. Sell USD 130 2022-08-19
Target Raised by Wedbush Outperform USD 200 » USD 220 2022-08-17
Upgrades Credit Suisse Outperform USD 201 2022-08-17
Adjusts STA Research Hold USD 185 2022-08-17
Maintains Zacks Research Inc. Hold 2022-08-12
Target Up STA Research Buy USD 178 2022-08-08
Target Up Fundamental Research Average USD 177 2022-08-03
Maintains KeyBanc Overweight USD 173 » USD 177 2022-08-02
Target Set by Credit Suisse USD 166 2022-07-29
Maintains Citigroup Buy USD 175 » USD 185 2022-07-29
Maintains Raymond James Capital Outperform USD 190 » USD 185 2022-07-29
Maintains Rosenblatt Securities Neutral USD 168 » USD 160 2022-07-29
Target Morningstar Inc. Sell USD 130 2022-07-29
Target Raised by Evercore ISI USD 180 » USD 185 2022-07-29
Reiterates STA Research Buy USD 170 2022-07-29
Target Set by Goldman Sachs USD 139 2022-07-29
Target Raised by Barclays Maintains USD 166 » USD 169 2022-07-29
Target Down Bank of America Securities Buy USD 200 » USD 185 2022-07-26
Initiated Itau Unibanco Underperform USD 136 2022-07-26
Target Down Wells Fargo USD 185 2022-07-22
Reiterates STA Research Buy USD 170 2022-07-20
Target Lowered by Morgan Stanley Overweight » Overweight USD 185 » USD 180 2022-07-20
Maintains Citigroup Buy USD 200 » USD 175 2022-07-13
Maintains Barclays Equal-Weight USD 167 » USD 166 2022-07-13

8. Page 8 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 26th August, 2022
Annual Financial (USD)

9. Page 9 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 26th August, 2022
Quarterly Financial (USD)

10. Page 10 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
AAPL:NSD (Apple Inc)
Consumer Electronics | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 26th August, 2022
Largest Industry Peers for Consumer Electronics
Symbol Company Name Price(Change) Market Cap
SONO Sonos Inc +0.18 (+1.2%) USD 2.01B
GPRO GoPro Inc +0.06 (+0.9%) USD 0.99B
MWK Aterian, Inc N/A USD 0.72B
VUZI Vuzix Corp Cmn Stk +0.24 (+3.0%) USD 0.50B
UEIC Universal Electronics Inc +0.41 (+1.8%) USD 0.29B
VOXX VOXX International Corporation +0.32 (+3.2%) USD 0.24B
HEAR Turtle Beach Corp +0.16 (+1.6%) USD 0.16B
KOSS Koss Corporation -0.04 (-0.5%) USD 0.08B
ETFs Containing AAPL
Symbol Company Name Weight Mer Price(Change) Market Cap
QQQ:PA Invesco EQQQ NASDAQ-100 UCITS .. 12.05 % 0.00 % N/A USD 5.41B
DBX2:XETRA Xtrackers MSCI EM Asia Swap UC.. 6.18 % 0.00 % +0.65 (+0.5%) USD 0.72B
DBX2:F Xtrackers - MSCI EM Asia Swap .. 6.18 % 0.00 % +0.99 (+0.5%) USD 0.72B
ZSP.U:CA 3.85 % 0.09 % N/A N/A
XDEQ:F Xtrackers (IE) Public Limited .. 3.47 % 0.00 % +0.35 (+0.5%) USD 0.91B
XDEQ:XETRA Xtrackers MSCI World Quality U.. 3.47 % 0.00 % +0.28 (+0.5%) USD 0.91B
XMAW:XETRA Xtrackers MSCI AC World ESG Sc.. 3.44 % 0.00 % +0.15 (+0.5%) USD 1.30B
XMAW:F Xtrackers MSCI AC World ESG Sc.. 3.44 % 0.00 % +0.18 (+0.5%) USD 1.30B
FLBA:CA Franklin Liberty Core Balanced.. 2.98 % 0.48 % N/A USD 2.28M
ACIM SPDR MSCI ACWI IMI ETF 2.70 % 0.00 % N/A USD 0.16B
The Stock Target Advisor platform run millions of calculations every day on over 30,000 Canadian and American stocks, comparing and
ranking their financial and market performance against their sectors and exchange.
We represent the percentile ranking using the following grading system.
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%