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Citigroup announced Apple Inc. (NASDAQ:AAPL), boosting its stock price target to $130.00 today

Just yesterday Apple Inc. (NASDAQ:AAPL) traded -1.55% lower at $112.18. Apple Inc.’s 50-day moving average is $109.61 and its 200-day moving average is $102.89. The last closing price is up 9.03% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 35,966,021 shares of AAPL traded hands, up from an average trading volume of 35,675,100

In a report released on 9/30/2016 Citigroup bumped up the target of Apple Inc. (NASDAQ:AAPL) from $120.00 to $130.00 stating a possible upside of 0.16%.

Previously on 09/29/2016, Barclays Capital reported on Apple Inc. (NASDAQ:AAPL) reduced the target price from $115.00 to $114.00. At the time, this indicated a possible upside of 0.00%.

Recent Performance Chart

Apple Inc. (NASDAQ:AAPL)

Apple Inc. has PE ratio of 13.08 with a one year low of $89.47 and a one year high of $123.82 and has a market capitalization of $0.

A total of 36 brokerages have issued a ratings update on Apple Inc.. Seventeen brokerages rating the company a strong buy, twenty-two brokerages rating the company a buy, eight brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $124.23.

General Information 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, the Company acquired app-search engine Chomp.

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