Apple Inc. (AAPL): Is it Finally the Right Time to Take a Bite out of This Tech Titan?

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Analyst projections place revenue growth in the mid-single digit up to 2017, and earnings growth is projected to be in the low single digits until 2015, then reverse course and descend to current levels by 2017.

The Foolish Bottom Line

Apple’s decline from its $700 peak may have been warranted, however currently the stock sits at depressed levels. The culmination of the company’s depressed valuation, bulletproof balance sheet, strong pipeline, and leading market position should support the stock’s bottoming process at levels around $400, and fuel its climb higher as new products are released. All in all, at current prices Apple earnings five out of five stars, and is a screaming buy.

Ryan Guenette owns shares of Apple. The Motley Fool recommends Amazon.com, Apple, and Google. The Motley Fool owns shares of Amazon.com, Apple, Google, and Microsoft.

The article Is it Finally the Right Time to Take a Bite out of This Tech Titan? originally appeared on Fool.com and is written by Ryan Guenette.

Ryan is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited

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