Apple PT Raised to $102.00 at Cowen and Company (AAPL)
Equities researchers at Cowen and Company hoisted their price target on shares of Apple (NASDAQ:AAPL) to $102.00 in a research report issued on Tuesday. Cowen and Company’s price objective points to a potential upside of 10.63% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Apple in a research note on Friday. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Apple in a research note on Friday. They now have a $102.00 price target on the stock, up previously from $86.00. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $108.96.
Shares of Apple (NASDAQ:AAPL) opened at 92.20 on Tuesday. Apple has a one year low of $55.5529 and a one year high of $95.05. The stock’s 50-day moving average is $87.96 and its 200-day moving average is $79.76. The company has a market cap of $555.9 billion and a price-to-earnings ratio of 15.31.
Apple (NASDAQ:AAPL) last announced its earnings results on Wednesday, April 23rd. The company reported $11.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $10.13 by $1.49. The company had revenue of $45.65 billion for the quarter, compared to the consensus estimate of $43.55 billion. During the same quarter in the prior year, the company posted $10.09 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Apple will post $6.31 earnings per share for the current fiscal year.
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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