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Piper Jaffray Cos. covered Apple Inc. (NASDAQ:AAPL), boosting its stock price target to $151.00 earlier today

Only yesterday Apple Inc. (NASDAQ:AAPL) traded 0.19% higher at $113.58. Apple Inc.’s 50-day moving average is $108.13 and its two hundred day moving average is $102.24. The last stock close is up 11.31% relative to the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. 18,269,184 shares of the stock traded hands, down from ann avg. volume of 36,536,400.

Apple Inc. (NASDAQ:AAPL) had its target price bumped up to $151 by Piper Jaffray Cos. in an issued report released Friday September 16 2016. The increased target price suggests a possible upside of 0.33% from the bussiness’ last stock close price.

Previously on 9/16/2016, Canaccord Genuity released a statement about Apple Inc.(NASDAQ:AAPL) bumped the target price from $120.00 to $140.00 that suggested an upside of 0.22%.

Performance Graph:

Apple Inc. (NASDAQ:AAPL)

Also covering Apple Inc.’s target price, a total of 36 firms have issued a ratings update on Apple Inc.. The average target stock price is $124.23 with 17 analysts rating the company a strong buy, 22 analysts rating the company a buy, eight analysts rating the stock a hold, 0 rating the stock to underperform, and lastly 0 firms rating the stock as sell.

Apple Inc. has a 52 week low of $89.47 and a one-year high of $123.82 with a price-earnings ratio of 13 and has a total market value of $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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