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Tuesday, August 9, 2022

Apple (NASDAQ: AAPL) Gets $150 Price Objective From JPMorgan Chase

The shares of Apple (NASDAQ: AAPL) got a price objective of $150 along with a rating of ‘buy’ from the analysts of JPMorgan Chase and Co on Thursday. This indicates a 22.76% potential upside from the present price of the stock.

On Thursday the company traded up to $122.19 with the market being $2.05T. They had 3,305,969 exchanged shares compared to 111,607,547 average volume. Their lowest in 1 year is $53.15 while the highest is $145.09. Their current, quick, and leverage ratio is 1.36, and 1.33, and 1.51. Their 50-day rolling average is $131.06 while the 200-day is $123.18.

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According to the 26th January report, their quarterly EPS was $1.68, exceeding the $1.41 consensus estimate by almost $0.27. They had a 20.91% net margin with a 75.15% equity return. Their revenue was $111.40B, surpassing the $103.24B estimate.

Market Undertakings Of AAPL Stock

Needham and Co. raised their price objective for AAPL shares to $170 from $140 and gave a rating of ‘buy’. Cascend Securities lifted it to $170 from $140 and gave a rating of ‘buy’. Wells Fargo and Co. upgraded it to $160 from $155 and gave a rating of ‘overweight’. Wedbush assigned it to $151 and gave a rating of ‘outperform’. Royal Canada Bank allotted it to $171 with a rating of ‘buy’. The company has an average ‘buy’ recommendation with a $133.01 price objective.

State St Corp lifted their holdings Apple stock by nearly 279.3% and own $77,875,836,000 worth of shares. FMR promoted their stake by roughly 3.4%, owning shares valued at $47,576,225,000. Norges Bank upped their position by approximately 4.6% and own shares priced at $17,296,465,000. Nuveen Management increased its stake by almost 4.7% and own $15,576,528,000 worth of shares. Institutional investors own 57.77% of AAPL stock.

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