Barclays analyst Tim Long maintained a Sell rating on Apple (AAPL – Research Report) today and set a price target of $187.00. The company’s shares closed yesterday at $225.01.
Long covers the Technology sector, focusing on stocks such as Apple, Cisco Systems, and Keysight Technologies. According to TipRanks, Long has an average return of 12.6% and a 62.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $235.61 average price target.
Based on Apple’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $90.75 billion and a net profit of $23.64 billion. In comparison, last year the company earned a revenue of $94.84 billion and had a net profit of $24.16 billion
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.
TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.
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.
Read More on AAPL:
- Jim Cramer Weighs In: How Kamala Harris Could Impact the Stock Market
- Microsoft Remains a Strong Buy; Azure, AI Momentum Overshadows Outage Panic
- Big Investor Buys Intel Stock (NASDAQ:INTC), Shares Gain
- Rivian CEO says company still doesn’t plan to adopt CarPlay, Verge reports
- Apple’s Eddy Cue pushes TV+ chiefs to exert control over budgets, Bloomberg says