Analyst Ratings Coverage
Barclays Capital (Rank#4) on Tuesday January 2nd, issued a research report on Apple’s stock, downgrading the company to a “Underweight” rating from a “Equal Weight” rating. The analyst also lowered the 12 month target forecast on the stock price to $160 from $166per share. Barclays Capital blamed concerns of iPhone demand as the reason for the downgrade.
Apple Stock Analysis
The Apple Inc stock forecast is based on evaluations from 25 analysts, resulting in an average target price of USD 208.29 for the next 12 months. This suggests an anticipated increase in the stock’s value over the coming year. The consensus among analysts is a “Buy” rating for Apple Inc, indicating a positive outlook on the company’s performance.
Stock Target Advisor, conducting its own analysis, characterizes Apple Inc’s stock as “Slightly Bullish.” This assessment is derived from 10 positive signals and 5 negative signals identified by Stock Target Advisor’s analysis tools. The positive signals may include factors such as strong financial indicators, positive market sentiment, or favorable industry trends, while the negative signals could involve potential risks or challenges facing the company.
As of the last closing, Apple Inc’s stock price stood at USD 192.53. Over the past week, the stock experienced a change of -0.55%, while it saw an increase of +0.67% over the past month. Notably, over the last year, Apple Inc’s stock has demonstrated substantial growth, with a remarkable increase of +48.18%. This performance indicates a positive trend in the stock’s value over an extended period.
Investors and analysts often use such forecasts and analyses to make informed decisions about buying or selling stocks. The “Buy” rating, coupled with the positive signals identified by Stock Target Advisor, may contribute to investors’ confidence in Apple Inc’s potential for growth in the near future. However, it’s essential for investors to consider various factors and conduct thorough research before making investment decisions.
