New Buy Rating for Apple (AAPL), the Technology Giant
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Sankar covers the Technology sector, focusing on stocks such as Apple, Micron, and Seagate Tech. According to TipRanks, Sankar has an average return of 15.8% and a 57.42% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $228.79 average price target, representing a 13.57% upside. In a report released yesterday, Monness also maintained a Buy rating on the stock with a $245.00 price target.
The company has a one-year high of $260.10 and a one-year low of $169.21. Currently, Apple has an average volume of 62M.
Based on the recent corporate insider activity of 38 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 4,486.00 shares for a total of $933,940.34.
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