Positive Report for Apple (AAPL) from Bernstein
Apple (AAPL – Research Report) received a Buy rating and a $240.00 price target from Bernstein analyst Toni Sacconaghi today. The company’s shares closed last Friday at $254.49.
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According to TipRanks, Sacconaghi is a 2-star analyst with an average return of 0.6% and a 56.20% success rate. Sacconaghi covers the Technology sector, focusing on stocks such as Apple, International Business Machines, and Hewlett Packard Enterprise.
Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $243.72, representing a -4.23% downside. In a report released yesterday, Wedbush also maintained a Buy rating on the stock with a $300.00 price target.
AAPL market cap is currently $3846.8B and has a P/E ratio of 41.83.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year. Last month, Chris Kondo, the CAO of AAPL sold 4,130.00 shares for a total of $945,233.10.
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Apple (AAPL) Company Description:
Apple, Inc. designs, manufactures, and sells smartphones, personal computers, tablets, wearables and accessories. It also offers a range of related services. Its products include iPhone, Mac, iPad, Apple TV, Apple Watch, Beats products, HomePod and AirPods. The services segment is comprised of AppleCare, cloud services, digital content offerings like the App Store and other content services like Apple Arcade, Apple Music, Apple News+, Apple Fitness+ and Apple TV+, payment services such as Apple Card and Apple Pay as well as advertising 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.