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Saturday, April 17, 2021

AAPL Has Raised Their PT To $164

The stocks of AAPL have increased the price target to $164 from $156 in a report published by Morgan Stanley. The report was then subsequently sent to investors and clients in a Tuesday research report. Currently, the firm has a rating of overweight as set by the brokerage firm. The price target of the company suggests an increase of 30.26% on the previous close of the stock. 

The Stock Commentary Of AAPL

There have been quite a few brokerage firms that have commented on the stocks of AAPL. Fundamental Research has already increased the price target from $113.91 to $148.12 with a rating of buy in a 5th February research note. Zacks Investment Research has gone ahead and reduced the rating of the company from buy to hold with a price target of $128 in a 30th March research report.

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Wells Fargo & Company have increased the rating of the company to overweight with a price target increased to $160 in a 28th January research report. Loop Capital has also increased the price target of the company from $131 to $155 with a rating of buy in a 15th January research report. In the end, Wedbush put out a rating of “outperform” with a price target of $175 in a 16th March research report. 

Two of the investment analysts covering the stocks of AAPL have already given it a rating of sell, while ten of them have given it a rating of hold. Around twenty-eight of them have given it a rating of buy. The consensus rating of the company is Buy, with a $135.03 price target. 

The stocks of AAPL traded on Tuesday at $125.90. The quick ratio of the company is 1.33, with a 1.36 current ratio, and a 1.51 debt-to-equity ratio. The year low of the company is $62.35, with the year high set at $145.09. The market cap of the firm is $2.11 trillion, with a 38.62 PE ratio. The PEG ratio of the firm is 2.75, with a 1.28 beta. The moving average price of the company over 50 days is $123.57 with a moving average price of the company over 200 days is $123.34.

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