Analyst Coverage Change
Goldman Sachs (RANK#11) initiated coverage on Apple’s stock today with a Buy rating and a target price of USD 199. This means that Goldman Sachs expects Apple’s stock price to increase from its current level, and views it as a good investment opportunity. The initiation of coverage by Goldman Sachs indicates that the investment bank believes that the company is well-positioned for growth in the future.
Apple is a leading technology company that designs and sells consumer electronics, software, and services. The company has a strong brand and loyal customer base, and has been able to maintain its market leadership in key product categories such as smartphones, tablets, and smartwatches. Apple has also been diversifying its revenue streams by investing in new areas such as healthcare and autonomous driving technology.
Goldman Sachs’ Buy rating on Apple’s stock reflects its positive view on the company’s long-term prospects, and its belief that the stock is undervalued. A target price of USD 199 suggests a significant upside potential from the current stock price, and implies that Goldman Sachs expects Apple’s business to continue to perform well in the coming years.
STA Research (RANK#148) reiterated its Buy rating on Apple’s stock today, with a target price of USD 160. This means that STA Research continues to view Apple as a good investment opportunity, and believes that the stock has potential to increase in value.
STA Research is an independent investment research firm that provides analysis and recommendations on a wide range of stocks. The firm’s Buy rating on Apple’s stock reflects its positive view on the company’s business and financials, and its belief that the stock is undervalued.
STA Research’s Buy rating on Apple’s stock is based on its analysis of the company’s financials, market position, and growth prospects. The firm’s target price of USD 160 suggests a potential upside from the current stock price, and reflects its positive outlook on Apple’s business.