Apple: Dead Money For 3 More Years


  • Apple has fallen 9% in the first year since the 4-year dead money call made in March 2022.
  • The company has seen EPS estimates fall in the year due to weak demand for tech products.
  • Analysts continue to promote aggressive price targets keeping the stock inflated at the current price of $150.
  • Based on updated FY26 EPS targets, Apple has a maximum March 2026 valuation similar to the current price using a possibly aggressive P/E multiple of 20x.

Alchemy and Witchcraft

glegorly/iStock via Getty Images

Exactly a year ago, Stone Fox Capital made the prediction that Apple (NASDAQ:AAPL) would trade flat to down for the next 4 years. The tech giant had rallied above $160 on new product hype and

Finviz Chart

Source: Finviz


Source: Seeking Alpha

Earnings estimates table

Source: Seeking Alpha

Apple chart

Source: TipRanks

MS catalysts

Source: AppleInsider

Smartphone Replacement Cycle chart

Source: Strategy Analytics

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

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