$AAPL (+1.34%) stock is currently trading at about a 1-yr FWD PE of 34.3, which implies a 129% premium to the median comps of 15.0.
We believe the margin tailwinds justify this somewhat. It is also worth noting that after a couple of years (2021–2023) of stagnant earnings expectations, AAPL is starting to see earnings upgrades again.
Do you think Apple can rebound to experience more upside in the manner it has in the past?🤔
