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Stock analysts at Avondale Partners raised their price objective on shares of Apple (NASDAQ:AAPL) to $700.00 in a report issued on Tuesday, ARN reports. Avondale Partners’ price objective would indicate a potential upside of 29.47% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Societe Generale downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $575.00 price target on the stock. Separately, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Apple in a research note to investors on Wednesday, January 15th. They now have a $581.00 price target on the stock. Finally, analysts at Standpoint Research downgraded shares of Apple from a “hold” rating to a “sell” rating in a research note to investors on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average target price of $607.78.

Apple (NASDAQ:AAPL) traded up 1.23% on Tuesday, hitting $547.338. 6,928,249 shares of the company’s stock traded hands. Apple has a 52-week low of $385.10 and a 52-week high of $575.14. The stock has a 50-day moving average of $553.9 and a 200-day moving average of $501.. The company has a market cap of $492.5 billion and a P/E ratio of 13.60.

Apple Inc (NASDAQ:AAPL) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.

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