Apple Stock Rated as Hold Due to Overvaluation

2 months ago

Parkev Tatevosian, CFA

"Apple stock is trading near its 52- week high at $273. The 52- week high is $277. I calculated an intrinsic value per share at 218. So, even applying a margin of safety, Apple stock looks a little bit expensive here, a little overvalued. I would not be buying Apple stock at these levels. In fact, I have Apple stock rated as a hold."

The speaker highlights that despite Apple's strong performance, the current trading price of $273 is significantly above its calculated intrinsic value of $218, signaling that the stock is overvalued and not a buy at current levels, with the recommendation to hold.

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