Apple (AAPL) Received its Third Buy in a Row


After Needham and Cowen & Co. gave Apple (NASDAQ: AAPL) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Daniel Ives maintained a Buy rating on Apple yesterday and set a price target of $335.00. The company’s shares closed last Monday at $245.52.

According to TipRanks.com, Ives is a 2-star analyst with an average return of -1.3% and a 46.8% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Slack Technologies, and Uber Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $319.19 average price target, a 27.3% upside from current levels. In a report issued on March 10, UBS also maintained a Buy rating on the stock with a $335.00 price target.

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The company has a one-year high of $327.85 and a one-year low of $170.27. Currently, Apple has an average volume of 46.78M.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is neutral on the stock. Last month, Arthur Levinson, a Director at AAPL sold 1,429 shares for a total of $434,573.

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.

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

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