Apple Analyst Coverage Changes
On Thursday, April 13th, Canaccord Genuity (Rank#20) released a research report on Apple’s stock maintaining a “Buy” rating and raised the target price to $180 from $170.
Credit Suisse Group (Rank#5) maintained their “Outperform” rating on the stock and has boosted the target to $188 from $184.
These analyst ratings suggest that these firms have a positive outlook on Apple Inc’s stock performance and believe that the stock has the potential for further growth in the future. A Buy or Outperform rating typically indicates that the analysts expect the stock to outperform the overall market or its industry peers.
AAPL Stock Forecast & Analysis
Based on the forecasts of 42 analysts, the average target price for Apple Inc over the next 12 months is USD 162.62. Additionally, the stock has a Strong Buy rating, indicating a positive outlook from analysts. Stock Target Advisor’s analysis of Apple Inc’s stock is also Bullish, based on 13 positive signals and 4 negative signals, further indicating a positive sentiment.
As of the last closing, Apple Inc’s stock price was USD 160.10, which is slightly below the average target price. Over the past week, the stock price has changed by -2.23%, indicating a short-term decline in value. However, over the past month, the stock has shown an increase of +7.81%, suggesting a positive trend in the medium term. It’s important to note that stock prices can fluctuate in the short-term due to various factors such as market volatility and investor sentiment.
Looking at the performance over the last year, Apple Inc’s stock price has decreased by -4.51%, indicating a decline in value compared to the previous year. It’s worth considering the factors that may have influenced the stock’s performance, such as market conditions, company performance, and broader economic trends.
While the average target price and analyst ratings for Apple Inc’s stock are positive, it’s important for investors to conduct their own research, consider multiple sources of information, and carefully assess the risks before making any investment decisions.