UBS Securities Maintains “Hold” and $190 target on Apple

Stock Market Update & Analysis: July 25th, 2024

Analyst Ratings Alert

UBS Securities (Rank#18) maintains a “Hold” rating on a stock, it indicates that they believe the stock is expected to perform in line with the overall market or sector. In the context of Apple, a “hold” rating suggests that UBS does not see significant upside potential or downside risk in the near term, recommending investors to maintain their current positions without actively buying or selling shares.

Apple Stock Analysis

  1. Analyst Target Price:
    • The average analyst target price for Apple Inc over the next 12 months, as derived from 23 analysts, is USD 207.03. This figure represents the consensus among these analysts on where they believe the stock’s price will be in the coming year.
  2. Analyst Rating:
    • The average analyst rating for Apple Inc is categorized as “Buy.” This implies that, on average, analysts are recommending investors to consider buying or holding the stock based on their assessments of its performance and potential.
  3. Stock Target Advisor’s Analysis:
    • Stock Target Advisor, an independent analysis source, provides its own evaluation of Apple Inc’s stock. Their analysis categorizes Apple’s stock as “Slightly Bullish.”
    • This categorization is based on a combination of signals, including 10 positive signals and 5 negative signals. These signals likely encompass various technical, fundamental, and sentiment indicators that contribute to the overall assessment.
  4. Recent Stock Performance:
    • At the last closing, Apple Inc’s stock price was USD 192.42.
    • Over the past week, the stock price has changed by +0.45%, indicating a slight increase.
    • Over the past month, there has been a decrease of -0.60% in the stock price.
    • Over the last year, the stock has shown significant positive performance, with a gain of +31.86%.

In summary, the consensus among analysts is positive, with a “Buy” rating and an average target price of USD 207.03. Stock Target Advisor’s assessment leans towards a “Slightly Bullish” outlook based on a combination of signals. The recent stock performance indicates positive growth over the past year, although there have been slight fluctuations in the short term.

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