a. Your target price is incorrect. Intrinsic Value = Next Year’s EPS x P/E ratio. NOT Price = Current Price x (Trailing PE/Forward PE).
b. Apple’s 2019 EPS ranges from a low of $9.7 to a high of $14. Then you can conduct scenario analysis with different EPS estimates and different P/E multiples.
How do i use this information to calculte Apple stocks target price?