A statement released earlier today by Vetr Inc. about Apple Inc. (NASDAQ:AAPL) bumps the target price to $106.12
- Updated: September 17, 2016
Indicating a possible downside of -0.02%, Vetr Inc. raised the target price of Apple Inc. (NASDAQ:AAPL) to $106.
Previously on 8/11/2016, RBC Capital reported about Apple Inc.(NASDAQ:AAPL) raised the target price from $115.00 to $117.00. At the time, this indicated a possible upside of 0.08%.
Just yesterday Apple Inc. (NASDAQ:AAPL) traded 0.56% lower at $108.46. Apple Inc.’s 50-day average is $106.77 and its two hundred day moving average is $101.83. With the last stock price close up 12.86% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. Trade volume was was up over the average, with 79,886,911 shares of AAPL changing hands over the typical 33,819,200 shares..
With a market capitalization of $0.0, Apple Inc. has a 52 week low of $89.47 and a 52 week high of $123.82 with a PE ratio of 13.
Also covering Apple Inc.’s target price, a total of 36 brokers have released a report on the stock. The one year target stock price is $124.23 with 17 analysts rating the stock a strong buy, 22 firms rating the stock a buy, eight analyts rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokeragesrating the stock as sell.
Brief Synopsis About Apple Inc. (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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