Analyst Coverage Change
In a research report released on Thursday June 29th, Citigroup (Rank#14) initiated coverage on Apple Inc.. with a “Buy” rating. The analyst has assigned a 12 target forecast of $240 per share on the company’s stock.
AAPL Stock Forecast & Analysis
Apple Inc., the technology giant renowned for its innovative products, has attracted the attention of numerous analysts who have provided a stock forecast for the company. Based on the predictions of 38 analysts, the average target price for Apple Inc. over the next 12 months is estimated to be USD 177.27. This suggests a potential upside for investors considering the company’s stock.
The average analyst rating for Apple Inc. is particularly positive, classified as “Strong Buy.” This indicates that analysts have a high level of confidence in the company’s future performance and consider it an attractive investment opportunity. Stock Target Advisor’s analysis of Apple Inc. and categorized it as “Bullish.” This sentiment is based on 13 positive signals and 5 negative signals, further supporting a positive outlook for the company’s stock.
At the last closing, Apple Inc.’s stock price stood at USD 189.25. Recent price movements indicate positive trends for the company. Over the past week, the stock price has increased by +2.88%, reflecting a modest gain. Looking at the past month, the stock price has experienced a more substantial increase of +7.88%. Furthermore, over the last year, Apple Inc.’s stock price has soared by +37.70%, demonstrating strong long-term performance.
Apple Inc. is a prominent player in the technology industry, known for its popular products such as the iPhone, iPad, Mac, and various software and services. The company’s stock performance is influenced by multiple factors, including product launches, technological advancements, market demand, and overall market sentiment towards the technology sector.
