Monness analyst Brian White reiterated a Buy rating on Apple Inc (NASDAQ: AAPL) on April 25 and set a price target of $235. The company’s shares closed on Friday at $162.32.
According to TipRanks.com, White is a top 100 analyst with an average return of 15.7% and a 67.3% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Facebook Inc, and Alphabet Inc.
Currently, the analyst consensus on Apple Inc is Moderate Buy and the average price target is $192.88, representing a 18.8% upside.
In a report issued on April 10, Piper Jaffray also maintained a Buy rating on the stock with a $200 price target.
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Based on Apple Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $88.48 billion and quarterly net profit of $20.07 billion. In comparison, last year the company earned revenue of $52.49 billion and had a net profit of $11.03 billion.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAPL in relation to earlier this year. Most recently, in February 2018, Albert Gore, a Director at AAPL bought 35,000 shares for a total of $648,200.
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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