A report released today by Canaccord about Apple (NASDAQ:AAPL) ups the target price to $140.00
- Updated: September 16, 2016
Showing a price of $115.57, Apple (NASDAQ:AAPL) traded 3.40% higher on the day. With the last close up 13.31% from the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same period. Apple has been tracking to a 50-day moving average of $107.56 and 200-day average of $102.00. Volume of trade was was up over the average, with 91,057,300 shares of AAPL changing hands over the typical 35,998,800 shares.
Apple (NASDAQ:AAPL) had its estimated target price increased to $140 by Canaccord in a report released 9/16/2016. The new target price suggests a possible upside of 0.21% from the bussiness’ most recent closing price.
On 9/15/2016, BTIG Research reported on Apple(NASDAQ:AAPL) raised the target price from $124.00 to $133.00. At the time, this suggested an upside of 0.00%.
Also covering Apple’s price target, a total of 36 firms have released a report on the stock. The 12-month target price is $124.23 with 17 analysts rating the stock a strong buy, 22 firms rating the stock a buy, eight firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 firms rating the stock as sell.
Apple has a P/E of 13 with a 52 week low of $89.47 and a one-year high of $123.82. Apple’s total market value is currently $0.0.
Brief Synopsis On Apple (NASDAQ:AAPL)
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, and the Company acquired app-search engine Chomp.
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