Is Apple Stock Overvalued?

By Travis Hoium – Sep 9, 2023 at 5:45AM

NASDAQ: AAPL

Apple

Market Cap

$2,911B

Today's Change

(0.02%) $0.03

Current Price

$189.87

Price as of May 17, 2024, 4:00 p.m. ET

Apple stock is more expensive than ever, and that could be bad news for shareholders.

There's no question Apple (AAPL 0.02%) is a dominant company in the world today. But that doesn't necessarily make it a great stock to buy. In this video, Travis Hoium goes over why Apple's growth may not justify the price investors are paying for the stock.

*Stock prices used were end-of-day prices of Sept. 6, 2023. The video was published on Sept. 7, 2023.

Travis Hoium has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.