Apple Stock Valuation Under Fire Amid Slowing Growth

Apple's stock price of $305.93 appears overvalued despite strong recent earnings, according to analysis. The company reported its ninth consecutive earnings beat, driven partly by temporary factors like tariff refunds. However, guidance for the next quarter shows slowing growth and margin compression due to rising memory costs and supply constraints.

Investor sentiment is cautious, with a notable stock drop after the last earnings beat and modest upside potential based on analyst targets. The upcoming October earnings report will be critical; if Apple cannot improve margins and accelerate Services growth, the stock's high valuation may not be justified.