Apple Analyst Coverage Change
On January 19th, JP Morgan & Company(#8) issued a research report on Apple, keeping the “Overweight” rating intact on the stock. The analyst also lowered the 12 month target forecast to $180 from $190.
Apple Stock Analysis
Analysts who cover Apple Inc believe that the company’s stock price will increase to an average target price of USD 169.15 over the next 12 months. The average analyst rating for the company is “Buy,” which indicates that the majority of analysts believe that the stock is a good investment at its current price. Additionally, Stock Target Advisor’s own analysis of Apple Inc is slightly bullish, which means that the company’s stock is expected to perform well in the near future. The analysis is based on 10 positive signals and 5 negative signals.
Apple Inc’s stock price at the last closing was USD 135.21 and it has changed by +1.29% over the past week, +0.52% over the past month, and -20.37% over the last year. This indicates that the stock price has increased slightly over the past week and month but has decreased over the last year.
JP Morgan Analyst Ranking
According to Stock Target Advisor, JP Morgan & Company is ranked #8 out of 426 in their database based on its median rating accuracy of +14.18%, which earns it an A+ grade. The median target accuracy of JP Morgan & Company is at -1.5% of its stock targets, meaning that the company’s stock targets are typically within 1.5% of the actual stock price. Additionally, the median 12-month return on following JP Morgan & Company’s buy/sell/hold advice is +7.87%, which indicates that following their advice has typically resulted in a positive return over the course of a year. Stock Target Advisor’s database contains a large number of stock ratings and price targets from JP Morgan & Company, covering a wide range of exchanges and sectors.
AAPL Stock News
Apple Inc is still planning to unveil its first mixed-reality headset this year, but an even more important follow-up product, lightweight augmented-reality glasses, has been postponed due to technical challenges. Apple will follow up with a lower-cost version of the mixed-reality headset as soon as 2024 or early 2025. The company is betting that AR and VR devices could be a major moneymaker, but the technical challenges of producing a consumer-friendly product has bedeviled much of the tech world. The initial mixed-reality device due this year will cost around $3,000. Apple is aiming to lower the price of the follow-up mixed-reality device by using chips on par with those in the iPhone rather than components found in higher-end Mac computers.