Analysts at Sterne Agee increased their price target on shares of Apple (NASDAQ: AAPL) to $820.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock.
A number of other analysts have also recently weighed in on AAPL. Analysts at RBC Capital raised their price target on shares of Apple from $700.00 to $750.00 in a research note to investors on Thursday. Separately, analysts at William Blair reiterated an “outperform” rating on shares of Apple in a research note to investors on Thursday. Finally, analysts at Goldman Sachs reiterated a “conviction buy” rating on shares of Apple in a research note to investors on Thursday. They now have a $810.00 price target on the stock.
Shares of Apple traded up 1.17% during mid-day trading on Thursday, hitting $677.62. Apple has a 52 week low of $354.24 and a 52 week high of $683.29. The company has a market cap of $635.2 billion and a P/E ratio of 15.74.
Apple last announced its earnings results on Tuesday, July 24th. The company reported $9.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.38 by $1.06. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. On average, analysts predict that Apple will post $0.00 earnings per share for the current fiscal year.
Apple Inc. (Apple), along with its subsidiaries, is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players.
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