Unusual Activity in Apple Options Today Shows Investors Are Bullish on AAPL
Why it matters: AAPL stock could see a 17% to 49% increase, reaching between $278 and $371 per share over the next 12 months.
- Barchart reports unusual, large volume in Apple (AAPL) options, including out-of-the-money puts, indicating a bullish investor outlook.
- AAPL stock is currently trading at $249.10, down from its recent peak of $274.23 in February.
- Barchart's February article projected AAPL could reach $363 per share based on strong free cash flow (FCF), a valuation now updated to $371.16 per share using a 40x FCF multiple and $278.24 with a conservative 30x multiple.
- Analysts from Yahoo! Finance and Barchart's mean survey both set average price targets around $295-$296, representing a 17% upside from today's price, and higher than their projections three months ago.
- Anachart.com's survey PT has slightly decreased from $290.80 to $290.54, differing from the upward trend seen in other analyst projections.
Despite a recent dip in its stock price, Apple (AAPL) is showing strong bullish sentiment among investors, with unusual options activity and analysts projecting significant upside. Barchart's analysis, supported by rising revenue projections, suggests AAPL could be worth between $278 and $371 per share, while other analysts like Yahoo! Finance and Barchart's mean survey also forecast price targets around $295-$296.
