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Is Apple Stock a Buy Right Now?

Key PointsApple is trading 31% higher this year, double the second-best-performing "Magnificent Seven" stock.

Apple stock has been making waves in the market, soaring to all-time highs after a challenging earnings season for many growth stocks. This consumer tech titan, known for its premium products and services, has recently captured the attention of investors. While some argue that Apple's performance lags behind in the AI revolution, and that the new CEO needs to prove themselves, the company's recent achievements suggest otherwise.

Apple has delivered double-digit revenue growth in just four of the past 16 fiscal years, and has topped 20% normalized net margin for the first time since 2012. The company is also able to command higher prices for its products, introducing the iPhone Duo at a price $700 more than its previous high-end smartphone, and raising prices for Apple TV+ to three times its original cost.

Despite its rich valuation of 40 times trailing earnings and 38 times forward earnings, Apple remains a buy right now, with the only time to get it at a bargain is when the company stumbles. Investing in Apple is like enjoying a comforting meal for growth investors, with analyst team recommendations suggesting it's one of the 10 best stocks to buy right now.

Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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