Brokerage Firm Rating Update on Apple (AAPL)

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, 23 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. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Apple (AAPL) : The consensus price target for Apple (AAPL) is $123.13 for the short term with a standard deviation of $15.92. The most optimist securities analyst among the 24 who monitor the stock believes that the stock can reach $168, however, the pessimist price target for the company is $85.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, RBC Capital maintains its outlook on Apple (NASDAQ:AAPL). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $115 per share to $117 per share. The rating by the firm was issued on August 11, 2016.

Apple (NASDAQ:AAPL): The stock opened at $107.83 and touched an intraday high of $108.76 on Wednesday. During the day, the stock corrected to an intraday low of $107.07, however, the bulls stepped in and pushed the price higher to close in the green at $108.36 with a gain of 0.61% for the day. The total traded volume for the day was 42,364,328. The stock had closed at $107.7 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.