Apple Inc. (AAPL:NSD) Bank of America Cuts target on Valuation

Analyst Coverage Change

On Friday, January 27th, Bank of America Merrill Lynch issued a research report on Apple Inc., and maintained the “Neutral” rating on the stock, but sightly lowering the 12 month price target forecast to $153 from $154 per share.

AAPL Stock Forecast & Analysis

Apple Inc. has  stock forecasts from 32 analysts covering the stock, that have the consensus average analyst price  target for Apple’s stock set at USD 168.30 over the next 12 month period. Apple’s average consensus analyst rating is a “Buy” . Stock Target Advisor’s own stock analysis of the stock is set at “Slightly Bullish”, which is calculated by examining 10 positive signals and 5 negative signals pertaining to the stock’s fundamentals.

At the last closing, Apple’s stock price was trading at USD 143.96., while Apple Inc’s stock price has changed by +6.42% over the past week, and +9.18% over the past month and 9.85% over the last year.

About Apple

Apple Inc. is a multinational corporation that develops, manufactures, and sells mobile devices, personal computers, tablets, wearables, and accessories all over the world. In addition to that, it provides a variety of connected services. In addition, the company sells a line of smartphones called iPhone, a line of personal computers called Mac, a line of multi-purpose tablets called iPad, and a line of wearables, home, and accessories that include AirPods, Apple TV, Apple Watch, Beats products, and HomePod. All of these products can be found on the company’s website. In addition to this, it offers support through its AppleCare programme as well as services through its cloud services store. Additionally, it manages a variety of platforms, such as the App Store, which enable customers to locate and download applications as well as digital content such as books, music, video, games, and podcasts. In addition, the company provides a variety of services, such as Apple Arcade, which is a subscription service for video games; Apple Fitness+, which is a personalised fitness service; Apple Music, which provides users with a curated listening experience along with on-demand radio stations; Apple News+, which is a subscription news and magazine service; Apple TV+, which provides users with exclusive original content; Apple Card, which is a co-branded credit card; and Apple Pay, which is a cashless payment service; The consumer sector, together with small and medium-sized organizations, as well as the education, enterprise, and government industries are served by the corporation. The App Store is used to facilitate the distribution of applications developed by third parties for use with its devices.

 

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