Apple Inc (AAPL) Received its Third Buy in a Row
After Wedbush and Cowen & Co. gave Apple Inc (NASDAQ: AAPL) a Buy rating last month, the company received another Buy, this time from Monness. Analyst Brian White maintained a Buy rating on Apple Inc today and set a price target of $245. The company’s shares closed yesterday at $207.22.
According to TipRanks.com, White is a top 25 analyst with an average return of 27.6% and a 77.2% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
Currently, the analyst consensus on Apple Inc is a Moderate Buy with an average price target of $214.52, representing a 3.5% upside. In a report issued on July 8, Wedbush also reiterated a Buy rating on the stock with a $235 price target.
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Apple Inc’s market cap is currently $954.7B and has a P/E ratio of 17.43. The company has a Price to Book ratio of 9.02.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2019, Arthur Levinson, a Director at AAPL sold 35,000 shares for a total of $7,380,100.
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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