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Barchart
Barchart
Mark R. Hake, CFA

Apple Stock Is at 4-Month Lows and Looks Attractive to Value Investors

Apple (AAPL) stock Is trading at 4-month lows at $171.21 on Friday, Sept. 29, close to its lows in May. But its earnings are still expected to grow and its free cash flow outlook is bright. This makes it very attractive to value buyers.

For example, analysts forecast that earnings per share (EPS) for the year ending Sept. 2024 will rise to $6.57, up from $6.07 expected for the year ending Sept. 2023. That implies EPS growth of 8.23% over the next year.

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