Wedbush Maintains Apple’s Stock with a “Outperform” rating, $240 target

Wall Street Analyst Bullish on Apple's Stock: Investor Alert

Analyst Ratings Coverage

On Friday November 24th, technology research analyst, Dan Ives of Wedbush (Rank#39) reiterated an “Outperform” rating on Apple’s stock today and maintained the 12-month target price of $240 per share. This suggests that Ives remains optimistic about Apple’s performance, believing that the stock has the potential to outperform the market. The decision to maintain the target price indicates confidence in Apple’s future growth and financial prospects. Investors may find reassurance in Ives’ positive outlook on Apple’s stock, backed by his analysis and expertise in the technology sector.

AAPL Stock Analysis

The current outlook for Apple Inc., as assessed by a consensus of 26 analysts, projects a positive trajectory. The average analyst target price for Apple Inc. stands at USD 205.46 over the next 12 months, indicating an optimistic view on the stock’s potential for appreciation. Furthermore, the average analyst rating for Apple Inc. is categorized as “Buy,” reflecting a collective sentiment among analysts that the stock is expected to outperform in the foreseeable future.

Stock Target Advisor, an independent stock analysis platform, has also provided its evaluation of Apple Inc., characterizing the analysis as “Slightly Bullish.” This classification is derived from an assessment of 11 positive signals and 5 negative signals identified through their proprietary analysis methodology. The “Slightly Bullish” designation suggests that there is a slightly favorable stance on Apple Inc.’s stock performance based on the identified signals.

As of the latest closing, Apple Inc.’s stock price was USD 191.31. Notably, the stock has demonstrated positive momentum in recent periods, with a 0.84% increase over the past week, a notable 10.58% increase over the past month, and a substantial 26.64% increase over the last year. These upward trends in stock price indicate a positive market response to Apple Inc.’s performance, reinforcing the optimistic outlook presented by both the average analyst target price and Stock Target Advisor’s analysis.

 

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