Analyst Coverage Change
Wells Fargo & Company (Rank#11), has maintained its overweight rating on Apple. The term “overweight” suggests that the analysts believe Apple’s stock is expected to outperform the overall market or the industry average. This positive outlook indicates that the analysts have a favorable view of Apple’s future growth potential. Wells Fargo also has revised its price target for Apple from USD 185 to USD 210. This new price target suggests that the analysts believe the stock has the potential to reach USD 210 in the future.
D. A. Davidson & Co. (Rank#38) D. A. Davidson & Co. has kept its rating on Apple from at “Neutral” from a “Neutral” rating. A “Neutral” rating suggests that the analysts believe the stock will perform in line with the overall market or the industry average. The downgrade indicates a less optimistic stance compared to their previous assessment. D. A. Davidson & Co. has also revised its price target for Apple from USD 193 to USD 185. This revised price target suggests that the analysts believe the stock has a more limited upside potential and may reach USD 185 in the future.
Credit Suisse Group (Rank#6) maintained its outperform rating on Apple. An “outperform” rating suggests that the analysts believe the stock will generate returns that exceed the overall market or the industry average. This positive outlook indicates that the analysts expect Apple to deliver strong performance in the future. Credit Suisse Group has revised its price target for Apple from USD 188 to USD 200. This revised price target suggests that the analysts believe the stock has the potential to reach USD 200 in the future.
AAPL Stock Forecast & Analysis
Average Analyst Target Price: According to the forecast from 38 analysts, the average target price for Apple Inc over the next 12 months is USD 175.56. This target price represents the analysts’ consensus on where they expect the stock price to be in the future. It is important to note that analyst target prices can vary, and they are based on various factors, including company performance, industry trends, and market conditions.
Average Analyst Rating: Apple Inc’s average analyst rating is stated as Strong Buy. This rating indicates that, on average, analysts have a positive outlook on the company’s stock. A Strong Buy rating suggests that analysts believe the stock has significant growth potential and may outperform the market or its industry peers.
Stock Target Advisor Analysis: Stock Target Advisor’s analysis is Bullish, which suggests a positive sentiment. Stock Target Advisor’s analysis is based on 13 positive signals and 5 negative signals related to the company. These signals are derived from various technical and fundamental indicators, news, and market trends.
Recent Stock Performance: As of the last closing, Apple Inc’s stock price was USD 179.58. Over the past week, the stock price has increased by +2.37%, indicating a recent positive trend. Over the past month, the stock has shown a gain of +3.46%, suggesting a positive performance over a slightly longer time frame. Looking back over the last year, the stock price has experienced a significant increase of +23.52%, indicating strong long-term performance.
