In a report released yesterday, Samik Chatterjee from J.P. Morgan maintained a Buy rating on Apple (AAPL). The company’s shares closed last Tuesday at $115.54.
According to TipRanks.com, Chatterjee is a 4-star analyst with an average return of 15.1% and a 56.1% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Keysight Technologies, and Juniper Networks.
Apple has an analyst consensus of Moderate Buy, with a price target consensus of $119.19, a 0.7% upside from current levels. In a report issued on August 31, Wedbush also maintained a Buy rating on the stock with a $150.00 price target.
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Apple’s market cap is currently $7904.1B and has a P/E ratio of 35.10. The company has a Price to Book ratio of 27.29.
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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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