Apple Inc. (NASDAQ: AAPL) has long been one of the market’s most reliable giants. Known for its ecosystem strength and massive cash flows, Apple’s stock trades at about $230/share as of September 2025, up steadily in recent years. But with revenue growth slowing and valuation sitting above historical norms, analysts appear split on where the stock heads next.
This article looks at what Wall Street forecasts for Apple through 2027. We’ve pulled together consensus price targets, growth assumptions, and valuation models to get a sense of the possible trajectory. These figures reflect analyst estimates and are not TIKR’s own predictions.
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Analyst Price Targets Suggest Limited Upside
Apple trades at about $230/share, but the 12-month average analyst target is just $238.80, implying modest upside of ~4%. That caution is consistent with recent months, as analysts have steadily dialed back expectations in light of slower growth trends.
Forecasts range from a high of $300 to a low of $175, highlighting the wide split between bullish and bearish outlooks. Still, it appears most analysts believe today’s stock price already reflects much of Apple’s strength.
Wall Street seems cautious. The narrow upside signals that Apple may trade sideways unless growth surprises to the upside.
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Apple: Growth Outlook and Valuation
Apple’s revenue grew at an 8.5% annual pace over the past five years, but forecasts expect revenue to slow to just ~5.8% CAGR through 2027. Profitability looks steadier, with operating margins expected to climb to 32.3%, which should support earnings even if sales growth continues to cool.
At current levels, Apple trades at about 28x forward earnings, which is above its 10-year average of ~22x. Assuming a 28x multiple, our guided valuation model suggests the stock could be worth around $271/share by 2027, or roughly 18% higher (~8% annualized returns) than today.
Apple may still compound wealth over time, but mostly through margin stability and share buybacks rather than rapid growth.
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What’s Driving the Optimism?
Apple’s services segment continues to expand, led by the App Store, iCloud, and Apple Music. These businesses provide recurring revenue streams that may cushion slower iPhone demand.
The company’s ecosystem lock-in also appears to keep users highly loyal, supporting long-term sales.
In addition, Apple’s shareholder return strategy remains a key driver. The company consistently repurchases stock and pays dividends, lifting per-share earnings and rewarding long-term holders.
Apple doesn’t need rapid top-line growth to keep generating shareholder returns.
Bear Case: Slower Growth and Valuation Risk
Growth forecasts at ~5.8% CAGR suggest Apple may struggle to support its premium multiple if hardware or services growth weakens further. The iPhone remains its anchor product, and any plateau in demand could weigh on results.
Competition adds another challenge. Microsoft and Google are pushing hard into AI and cloud platforms, areas where Apple is less dominant. If the company falls behind in new growth categories, its valuation could come under pressure.
Outlook for 2027: What Could Apple Be Worth?
Based on analyst forecasts, Apple could trade near $271/share by 2027, which would represent an 18% gain from today’s price of $230/share. That equates to about 8% annualized returns, steady but far below Apple’s past decade of explosive growth.
This scenario already assumes Apple holds margins near record levels and continues aggressive buybacks. Without that, upside may narrow.
Apple still looks like a dependable compounder, but future gains may come more from consistent execution and capital returns than from major growth surprises.
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