Wells Fargo analyst Aaron Rakers maintained a Hold rating on Apple (NASDAQ: AAPL) today and set a price target of $195. The company’s shares opened today at $189.91, close to its 52-week high of $195.96.
According to TipRanks.com, Rakers is a 5-star analyst with an average return of 16.6% and a 62.3% success rate. Rakers covers the Consumer Goods sector, focusing on stocks such as Hewlett Packard Enterprise, Arris Group, and Micron.
Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $203.58, which is a 7.2% upside from current levels. In a report issued on July 23, BMO Capital also reiterated a Hold rating on the stock with a $184 price target.
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The company has a one-year high of $195.96 and a one-year low of $148.13. Currently, Apple has an average volume of 23.87M.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Arthur Levinson, a Director at AAPL sold 35,000 shares for a total of $6,509,650.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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