Apple (AAPL) Receives a Rating Update from a Top Analyst

Wedbush analyst Daniel Ives maintained a Buy rating on Apple (AAPL) yesterday and set a price target of $160.00. The company’s shares closed last Tuesday at $128.80, close to its 52-week high of $138.79.

According to, Ives is a top 100 analyst with an average return of 34.0% and a 75.4% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Nuance Communications, and Palo Alto Networks.

Apple has an analyst consensus of Moderate Buy, with a price target consensus of $132.32, implying a 3.0% upside from current levels. In a report issued on December 31, J.P. Morgan also maintained a Buy rating on the stock with a $150.00 price target.

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The company has a one-year high of $138.79 and a one-year low of $53.15. Currently, Apple has an average volume of 115M.

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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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