Nomura covered Apple Inc. (NASDAQ:AAPL), hiking its price target to $135.00 today
- Updated: September 21, 2016
Apple Inc. (NASDAQ:AAPL) had its target price raised to $135.00 by Nomura in a report issued Thursday September 22, 2016. The updated stock price target implies a possible upside of 0.19% based on the company's previous closing price.
Previously on 9/20/2016, UBS Securities reported on Apple Inc. (NASDAQ:AAPL) increased the target price from $115.00 to $127.00. At the time, this indicated a possible upside of 0.12%.
Just yesterday Apple Inc. (NASDAQ:AAPL) traded -0.02% lower at $113.55. Apple Inc.’s 50-day moving average is $108.61 and its 200-day moving average is $102.39. The last closing price is up 10.90% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 36,006,356 shares of AAPL traded hands, down from an average trading volume of 36,527,200
Recent Performance Chart
Apple Inc. has 52 week low of $89.47 and a one year high of $123.82 with a PE ratio of 13.24 and has a market capitalization of $0.
In addition to Nomura reporting its stock price target, a total of 36 brokerages have issued a research note on the company. The average stock price target is $124.23 with 17 brokerages rating the stock a strong buy, 22 brokerages rating the stock a buy, 8 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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