Apple Analyst Coverage Update
J.P. Morgan Chase & Co.(Analyst Rank #5 of #349) on Friday September the 8th issued a research report on Apple and maintained a “Overweight” rating on the stock, but has lowered its 12 month price target forecast from USD 235 to USD 230 as of September 8, 2023.
Apple Stock Analysis and Forecast
Analyst Target Price and Rating:
- According to the assessments of 31 financial analysts, the average target price for Apple Inc. stock over the next 12 months is projected to be USD 199.20. This target price represents the consensus among analysts regarding the company’s future stock valuation.
- Apple Inc. enjoys a robust average analyst rating of “Strong Buy.” This rating indicates a strong positive sentiment among financial experts and suggests a favorable outlook for the company’s performance in the coming months.
Stock Analysis:
- Stock Target Advisor, a stock analysis tool, offers its own perspective on Apple Inc.’s stock, classifying it as “Bullish.” This classification is based on a combination of 13 positive signals and 5 negative signals, signaling a generally optimistic outlook.
Recent Stock Performance:
- As of the last closing, Apple Inc.’s stock price was USD 177.56. This figure reflects the market valuation at that specific point in time.
- Over the past week, the stock price experienced a decline of -5.49%. Short-term fluctuations like this can be influenced by factors such as market sentiment, news events, and quarterly earnings reports.
- Looking at a one-month timeframe, Apple Inc.’s stock price showed a relatively minor change, with a modest decrease of -0.72%. This indicates a period of relative stability in the stock’s performance over the short term.
- Over the last year, the stock price has seen a significant increase of +13.85%. This suggests that Apple Inc.’s stock has experienced notable growth and positive performance over the past year.
Apple Inc. remains a company of substantial interest to both investors and market analysts. The average analyst target price and “Strong Buy” rating reflect a favorable sentiment and outlook for the company’s future. Stock Target Advisor’s “Bullish” classification underscores an optimistic stance based on a balance of positive signals. While short-term fluctuations in the stock price are common, the impressive growth over the last year suggests continued investor confidence in Apple Inc.’s prospects. Investors and market participants will continue to monitor the company’s performance and news developments closely.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
