Analyst Coverage Change
Apple Inc has received mixed reviews from analysts today:
Bank of America Merrill Lynch has decided to keep a “Neutral” rating with a analyst ranking of 18 and a grade C+, with and a 78% accuracy rate. The firm has set a price target of USD 173, up from $168, which is just slightly higher than the current stock price of USD 169.46.
STA Research also update coverage on Apple and has downgraded their rating from “Buy” to “Hold” with an F grade and a 35% accuracy rate, and overall analyst ranking of 93. STA Research have set a price target of USD 175, which is also slightly higher than the current stock price.
StockTargetAdvisor has maintained a “Strong Buy” rating with a slightly bullish outlook. The firm bases its analysis on a combination of technical and fundamental factors, including price trends, trading volume, and news sentiment. According to stockTargetAdvisor, there are several positive signals that suggest Apple’s stock price will continue to rise in the near future.
One of the reasons for the optimistic outlook is the strong performance of Apple’s products, including the iPhone and iPad. In addition, Apple has been actively expanding into new markets, such as healthcare and autonomous driving, which could drive future growth. Furthermore, Apple has a solid balance sheet, with substantial cash reserves that can be used to fund research and development or to acquire new companies.
While there may be some differences in opinion among analysts, it seems that most are cautiously optimistic about Apple’s future prospects. Investors should carefully consider the different ratings and price targets, along with other factors, before deciding whether to buy, hold, or sell their shares in this iconic tech company.
AAPL Stock Forecast & Analysis
The average analyst target price for Apple Inc over the next 12 months is USD 169.46 based on a forecast from 40 analysts. The average analyst rating for the company is Strong Buy. Stock Target Advisor’s analysis of Apple Inc is Slightly Bullish, based on 11 positive signals and 5 negative signals. As of the last closing, the stock price of Apple Inc was USD 169.68. The stock has increased by +2.82% over the past week, +4.51% over the past month, and +7.63% over the last year.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
