Apple, Inc (AAPL) Shares Given a “Neutral” Rating by Zacks Investment Research Analysts

Posted by on Jan 10th, 2012 // 16 Comments

Apple, Inc (NASDAQ: AAPL)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Zacks Investment Research in a research note issued to investors on Tuesday. The analysts currently have a $443.00 price target on the stock.

Zacks’ analyst wrote, “Apple ended fiscal 2011 on a disappointing note after missing the fourth quarter Zacks Consensus earnings Estimate by $0.26. The miss was primarily driven by lower iPhone sales in the quarter. However, Apple provided a robust first quarter outlook based on recently launched iPhone 4S sales. We believe Apple remains the biggest growth story primarily on account of its superior product pipeline, Apps, recently launched iCloud, the upcoming iPad update, loyal customer base and international expansion going forward. Moreover, strong holiday season sales will drive upside in first quarter. However, increasing competition, legal complexities and a new management team compel us to remain on the sidelines. We thus maintain our Neutral recommendation and set a price target of $443.00.”

Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “conviction buy” rating on shares of Apple, Inc in a research note to investors on Monday. Analysts at Needham & Company reiterated a “buy” rating on shares of Apple, Inc in a research note to investors on Monday.

Apple Inc. (Apple) along with its subsidiaries is engaged in designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and Mac OS X operating systems, iCloud, and a range of accessory, service and support offerings. It also sells and delivers digital content and applications through the iTunes Store, App Store, iBookstore, and Mac App Store.The Company sells to consumers, small and mid-sized businesses (SMB), and education, enterprise and government customers. During the year ended November 24, 2011, the Company, as part of a consortium, acquired Nortel Networks Corporation’s patent portfolio.

Shares of Apple, Inc traded up 0.36% during mid-day trading on Tuesday, hitting $423.24. Apple, Inc has a 52 week low of $310.50 and a 52 week high of $427.75. The stock’s 50-day moving average is $392.3 and its 200-day moving average is $385.2. The company has a market cap of $393.4 billion and a price-to-earnings ratio of 15.24.



  • Crook

    You guys ae insane.

  • Dave

    Neutral at 443? How about it will hit 443 next week. Zacks is a joke firm, plain and simple.

    And missed the Zack’s target? Please.

  • http://none saymustsay

    Zack sent tones of emails to me trying to tell me how to trade.I just threw them to trash without even open them.A good fiem would not send emails desperatly like a hell.They downgrade Appl for making them to be paid more attention.I hope they will work harder on researching instead of making noise to draw people’s nose.They are really just joke,the reason theygive for downgrading Appl sounds very funny and stupid

    • Dave

      Very well stated.

  • http://none saymustsay

    Zack did not use any data but just rating Apple by their impression and guess,it is way too not serious and professional.Wonder how could they survive by just borrowing Apple’s or other big company’s fame to make they to be noticed.

  • George

    A friend of my sisters, I think, worked for that place or another like them. He used to bet on the ponies then got a job with them. He predicted aliens are going to land on earth. In my opinion if they are going short then go long and if they are long go short. I’d buy the 430 calls @ $3.25 for 1/21 and order the new car on the 23rd.

    • Evan

      Haha you do that… tell me what car you end up buying with $0.00, I’d say you sell the 430′s… but then again what care are you going to buy for $3.25?

  • Bearbear

    Aapl is going down in 2012 for sure going back below $350 in 3 months .

  • George

    Agree! Apple no longer attractive. iPhone 4s is worse than HTC and samsung newest phone. I will stay away from apple or short it hard. I think the coming quarter will miss and will drop at least 5 percent. Don’t buy now!!!!

    • Evan

      I agree they’ll probably see some decline after they make records on 1/24 but I STRONGLY disagree on the HTC and samsung thing… lets be real people. Everyone goes from android to iphone, I’ve never heard the reverse. I agree when you talk about apple the stock, but not apple the product.

    • FAT BANKER

      Apple 4S worse than HTC and Samsung ! What planet are you on !!
      All they can do is copy. What about the brilliant Apple Operating System ?
      Bet you were one of those that loved MS Dos and Micro Soft Windows said that Apple would be assigned to the dustbin of history.
      You’ve only seen the tip of the Apple so far.

    • Larry Hamilton

      You have got to be nuts! This quarter just passed will be a total blowout quarter! Iphones sold like crazy, same for ipads, same for mac’s, etc. And with the increased distribution, Apple is going to accelerate its growth. Buy now, if you are a long-term investor.

    • Dave

      George – how much money did you lose today?

  • Joe1

    Zack’s is full of IDIOTS! What a slanted, baseless, inane, manipulative “Article”. Apple remains the best positioned, run, and healthy companies out there, the most poised and solidly planted for growth, and its Stock to me is still the best/most solid Buy on the Market.

    $443 Price target is a joke…. Unless they mean $443 prior to their upcoming Earnings announcement.

  • Jamie

    This is absolutely ridiculus! Perhaps, more to the point, it is reprehensible.

  • Dave

    I think yesterday’s earnings make this thread dead. AAPL destroyed it and upp’d their own guidance. PLEASE – all you bears, stay away, remain stagnant while all us AAPL owners and product users continue to get rich literally and figuratively.

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