Is Apple a good stock to buy in 2023?

JP Morgan sets Apple as an overweight rating and increases its price target from $190 in December 2023 to $235 in December 2024. As stated above, this is based on Apple's diversified revenue and resilience despite global economic challenges. Wesley Hilliard served ten years as a Nuclear Power Electrician in the US Navy, then jumped careers in 2019.

Why is Apple (AAPL) a good stock to buy in 2023?

2023 has been a rewarding year for Apple ( AAPL 1.43%) investors as the stock has soared 42% so far, driven by the resilience of the company's iPhone sales, which continue to defy the crash in the broader smartphone market. Shares of the technology giant now sit at 52-week highs following their impressive rally.

What is the average price target for Apple?

The average price target represents an increase of 6.56% from the last closing price of $192.35. Apple currently has an average brokerage recommendation (ABR) of 1.82 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 30 brokerage firms.