Apple (AAPL) : Analyst Rating Update

Apple (AAPL) : The consensus on Apple (AAPL) based on 30 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 22 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Apple (AAPL) : The most positive equity analysts on Apple (AAPL) expects the shares to touch $185, whereas, the least positive believes that the stock will trade at $82 in the short term. The company is covered by 25 Wall Street Brokerage Firms. The average price target for shares are $125.04 with an expected fluctuation of $19.52 from the mean.

Apple (NASDAQ:AAPL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.60 and $94.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.53, notching a gain of 0.57% for the day. The total traded volume was 30,949,090 . The stock had closed at $94.99 on the previous day.

Also, Goldman Sachs maintains its view on Apple (NASDAQ:AAPL) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Goldman Sachs lowers the price target from $136 per share to $124 per share on Apple . The rating by the firm was issued on June 2, 2016. The company shares have dropped -22.46% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $132.97 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $96.73 and the 200 Day Moving Average price is recorded at $99.93.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Companys products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

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