A statement released earlier today by Mizuho Securities about Apple (NASDAQ:AAPL) bumps the target price to $130.00
- Updated: October 11, 2016
Yesterday Apple (NASDAQ:AAPL) traded 0.22% higher at $116.30. The company’s 50-day moving average is $110.78 and its 200-day moving average is $103.36. The last closing price is up 12.52% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 64,075,519 shares of the stock traded hands, up from an average trading volume of 36,116,200
Stating a potential upside of 0.12%, Mizuho Securities increased the price target of Apple (NASDAQ:AAPL) to $130.00
Previously on 9/30/2016, Citigroup reported on Apple (NASDAQ:AAPL) increased the target price from $120.00 to $130.00. At the time, this indicated a possible upside of 0.16%.
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Apple has a 52 week low of $89.47 and a 52 week high of $123.82 with a P/E ratio of 13.56 The company’s market cap is currently $0.
In addition to Mizuho Securities reporting its stock price target, a total of 36 brokers have issued a report on the company. The average stock price target is $124.23 with 17 brokers rating the stock a strong buy, 22 brokers rating the stock a buy, 8 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About 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, the Company acquired app-search engine Chomp.
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