Why Apple stock is a must buy for 2023 – analyst

Apple stock now trades on a forward price-to-earnings ratio of 22, a roughly 21% discount to its historical average. At 16 times forward enterprise-value-to-EBITDA, Apple’s stock trades at a 17% haircut to its historical norm. Apple’s current compelling valuation has caught the attention of Citi’s tech analyst Jim Suva.Brian Sozzi for Yahoo Finance:“We believe demand for Apple’s products and services is likely to remain resilient throughout FY23. We do recognize tha