Deutsche Bank covered Apple (NASDAQ:AAPL), bumping up its stock price target to $108.00 today
- Updated: October 18, 2016
Yesterday Apple (NASDAQ:AAPL) traded 0.38% higher at $117.55. The company’s 50-day moving average is $111.87 and its 200-day moving average is $103.64. The last stock close price is up 13.85% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 13,558,266 shares of the stock were exchanged, down from an average trading volume of 36,315,800
Apple (NASDAQ:AAPL) had its target price raised to $108.00 by Deutsche Bank in a report released 10/18/2016. The new target price indicates a possible downside of -0.08% based on the company's last stock close price.
Previously on Thursday October 13, 2016, Pacific Crest reported about Apple (NASDAQ:AAPL) raised the target price from $121.00 to $129.00. At the time, this indicated a possible upside of 0.10%.
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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 13.76 The company’s market cap is currently $0.
In addition to Deutsche Bank reporting its target price, a total of 36 firms have issued a report on the stock. The consensus target price is $124.23 with 17 firms rating the stock a strong buy, 22 firms rating the stock a buy, 8 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms 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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