Analyst Ratings Coverage
STA Research (Rank #30) has issued a research report on Apple’s stock on Tuesday September 12th, in which the research firm reiterated their”Hold” rating on the stock with a 12 month target price forecast of USD 190 per share.
Analyst Rank
STA Research is ranked at #30 out of 350 in Stock Target Advisor’s database, earning it an A- grade. The median rating accuracy of STA Research is +40.92%. However, the median target accuracy of its stock targets is -17.72%, indicating a tendency for targets to be somewhat lower than realized prices. Over a 12-month period, following STA Research’s buy/sell/hold advice has resulted in a median return of -7.21%. STA Research has provided a substantial number of 3,027 stock ratings and 2,866 price targets across 8 exchanges and 127 sectors in Stock Target Advisor’s database.
Apple Stock Analysis & Forecast
- Analyst Target Price: According to the consensus of 30 analysts, the average target price for Apple Inc. is projected to reach USD 196.69 over the next 12 months. This target price represents the level at which analysts believe the stock should trade in the near future. It reflects their collective assessment of Apple’s financial health, growth prospects, and overall market conditions.
- Average Analyst Rating: The average analyst rating for Apple Inc. is categorized as “Strong Buy.” This rating implies that the majority of analysts covering the stock have a highly positive view of its future performance. It is a vote of confidence in Apple’s ability to deliver strong results and growth in the coming months.
- Stock Target Advisor’s Analysis: Stock Target Advisor conducts its own analysis of Apple Inc.’s stock, and their assessment is classified as “Bullish.” This bullish outlook is based on 13 positive signals and 5 negative signals. These signals are derived from various sources, including technical indicators, financial data, and market trends. The bullish stance suggests that, according to their analysis, Apple Inc. is expected to perform well in the foreseeable future.
- Recent Stock Performance: At the last closing, Apple Inc.’s stock was trading at USD 179.36. Over the past week, the stock price has experienced a decline of -5.33%, which may have been influenced by short-term market dynamics and external factors. However, over the past month, the stock has shown resilience with a modest increase of +0.88%. Importantly, over the last year, Apple’s stock has demonstrated strong performance, gaining +13.97%, indicating positive long-term growth potential.
