Apple Inc. (NASDAQ:AAPL) target price increased to $140.00, reported today by Canaccord Genuity
- Updated: September 16, 2016
Having a price of $115.08, Apple Inc. (NASDAQ:AAPL) traded 3.40% higher on the day. The last stock price is up 13.31% relative to the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. AAPL has logged a 50-day moving average of $107.56 and two hundred day moving 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 Inc. (NASDAQ:AAPL) had its target price raised to $140 by Canaccord Genuity in a report issued Friday September 16 2016. The updated target price indicates a possible upside of 0.22% from the bussiness’ most recent stock close price.
On 9/15/2016, BTIG Research released a statement on Apple Inc.(NASDAQ:AAPL) raised the target price from $124.00 to $133.00 that suggested an upside of 0.00%.
Also covering Apple Inc.’s price target, a total of 36 brokers have issued a research note on the company. The average target is $124.23 with 17 analysts rating the stock a strong buy, 22 analysts rating the stock a buy, eight firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 firms rating the stock as sell.
Apple Inc. has a one-year low of $89.47 and a 52 week high of $123.82 with a P/E ratio of 13. Apple Inc.’s market capitalization is currently $0.0.
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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