Analyst Coverage Change
Today on January 23rd, Deutsche Bank (Rank#7) released a research report on Apple maintaining its “Buy” rating for Apple’s stock,. The analyst has a 12 month price target forecast of USD 170 per share.
On Friday, National Bank Financial (Rank#316) has lowered its target price for Apple. to USD 154 from USD 160. This means that analysts at National Bank Financial have revised their previous prediction for the stock’s future performance and now believe that it has the potential to reach a lower price point. The bank also maintains its Outperform rating, as they are still bullish on the stock.
Apple Stock Analysis & Forecast
Based on the stock forecasts from 32 analysts, the average target price for Apple Inc. over the next 12 months is USD 167.01. This suggests that analysts on average believe that the stock has the potential to gain around 21% in the next year. The average analyst rating for Apple Inc. is a “Buy”, indicating that the majority of analysts covering the stock have a positive outlook and recommend buying the stock.
Stock Target Advisor, has a slightly bullish rating for Apple Inc. This rating is based on a combination of both positive and negative signals. The positive signals include factors such as the stock’s recent performance and analyst recommendations, while the negative signals may include factors such as company’s financials and technical indicators.
At the last closing, Apple Inc.’s stock price was USD 137.87. Over the past week, the stock price has increased by 2.31%, over the past month it has increased by 4.27% and over the last year it has decreased by 15.11%. This shows that the stock has been performing well recently, but has had a significant decrease in value over the past year.
The overall fundamental analysis of Apple’s stock is set at “Slightly Bullish” with a score of 6.7 out of 10, with 10 being very bullish.
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.
