Projected 2-year EPS CAGR for AAPL is conservatively estimated at 13-15%, fueled by Services monetization and high-ASP product innovations like Vision Pro. Current forward P/E of ~28x, assuming a sustained multiple expansion to 35x by May 2026, driven by AI integration and robust FCF generation, firmly places our target price north of $312. Institutional net flows remain strongly positive, signaling deep conviction in long-term equity appreciation despite macro headwinds. This valuation assumes continued aggressive share repurchases amplifying per-share metrics. 85% YES — invalid if 10-year Treasury yield exceeds 5.5% by Q4 2025.
Projected 2-year EPS CAGR for AAPL is conservatively estimated at 13-15%, fueled by Services monetization and high-ASP product innovations like Vision Pro. Current forward P/E of ~28x, assuming a sustained multiple expansion to 35x by May 2026, driven by AI integration and robust FCF generation, firmly places our target price north of $312. Institutional net flows remain strongly positive, signaling deep conviction in long-term equity appreciation despite macro headwinds. This valuation assumes continued aggressive share repurchases amplifying per-share metrics. 85% YES — invalid if 10-year Treasury yield exceeds 5.5% by Q4 2025.
