Latest Analyst Coverage
Today, on January the 20th, Zacks Investment Research(Rank#280) maintained their “Hold” rating on Apple’s stock, with no 12 month price target forecast.
Zack Research Analyst Ranking
Zacks Research Inc. is a financial research company that provides stock ratings and price targets for various exchanges and sectors. They are ranked # out of 396 in Stock Target Advisor’s database, which is a measure of their accuracy in predicting stock performance.
The median target accuracy of Zacks Research Inc. is -87.07%, which means that their predictions are often off by a significant margin. In addition, the median 12-month return on following Zacks Research Inc.’s buy/sell/hold advice is -69.21%, which suggests that following their advice may not lead to favorable returns over a 12-month period.
Stock Target Advisor’s database contains 15 stock ratings and 1 price targets from Zacks Research Inc., covering 3 different exchanges and 10 sectors. This means that Zacks Research Inc. provides ratings and targets for a variety of companies and industries. Overall, the information provided by Stock Target Advisor suggests that Zacks Research Inc. may not have a high level of accuracy in their predictions and following their advice may not lead to favorable returns. It’s always recommended to conduct thorough research and consult with financial advisor before making any investment decisions.
Apple News
The Competition and Markets Authority (CMA) is an independent non-ministerial government department in the United Kingdom that is responsible for promoting competition and protecting consumers.
It has recently opened an investigation into the dominance of both Apple and Google’s ownership of Alphabet Inc. in the mobile browser market. This investigation was prompted by a separate study that found that these companies have the power to exercise a stranglehold on operating systems, app stores, and web browsers on mobile devices. Alphabet is not involved in this challenge.
Apple has accused the CMA of not following the proper rules and procedures with the timing of the probe, stating that it is “invalid” and has “no legal effect,” according to court documents. The company has also requested that the court pause the investigation until a decision is made. The CMA has stated that they will defend their position and continue to progress their work in line with the statutory timetable. The investigation can take up to 18 months to complete.
