Stocks
Apple Stock Soars as iPhone Duo Release Looms, But Is It Overvalued?
Apple's (AAPL) stock price has climbed 21.88% year to date and delivered a 28.94% total shareholder return over one year, with a 136.35% total shareholder return across five years.
The company is gearing up for the release of its iPhone Duo, a Siri AI-powered smart home device, and Apple Pay's rollout in India has generated buzz around the stock.
Simply Wall Street estimates that Apple is currently trading at 30% above its fair value of $253.43, which some investors may find steep given the company's strong profitability and earnings growth forecast.