New Buy Rating for Apple (AAPL), the Technology Giant


Monness analyst Brian White maintained a Buy rating on Apple (AAPL) today and set a price target of $220. The company’s shares closed yesterday at $205.28.

According to TipRanks.com, White is a top 25 analyst with an average return of 25.9% and a 77.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $199.35 average price target, a -2.9% downside from current levels. In a report issued on April 12, Morgan Stanley also maintained a Buy rating on the stock with a $220 price target.

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The company has a one-year high of $233.47 and a one-year low of $142. Currently, Apple has an average volume of 27.31M.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2019, Arthur Levinson, a Director at AAPL sold 1,521 shares for a total of $255,087.

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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