UBS analyst David Vogt maintained a Hold rating on Apple (AAPL – Research Report) today and set a price target of $236.00. The company’s shares closed last Friday at $227.79.
According to TipRanks, Vogt is a 4-star analyst with an average return of 14.6% and a 69.49% success rate. Vogt covers the Technology sector, focusing on stocks such as Apple, Pure Storage, and HP.
Apple has an analyst consensus of Moderate Buy, with a price target consensus of $248.07, an 8.90% upside from current levels. In a report released on September 25, New Street also maintained a Hold rating on the stock with a $225.00 price target.
Based on Apple’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $85.78 billion and a net profit of $21.45 billion. In comparison, last year the company earned a revenue of $81.8 billion and had a net profit of $19.88 billion
Based on the recent corporate insider activity of 43 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 8,706.00 shares for a total of $1,958,850.00.
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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.