Price Target Update on Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL) : The consensus price target for Apple (NASDAQ:AAPL) is $126.08 for the short term with a standard deviation of $19.93. The most optimist securities analyst among the 25 who monitor the stock believes that the stock can reach $185, however, the pessimist price target for the company is $82.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Goldman Sachs maintains its rating on Apple (NASDAQ:AAPL).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Goldman Sachs lowers the new price target from $136 per share to $124 per share. The rating by the firm was issued on June 2, 2016.

Apple (NASDAQ:AAPL): stock turned positive on Thursday. Though the stock opened at $95.94, the bulls momentum made the stock top out at $96.29 level for the day. The stock recorded a low of $95.25 and closed the trading day at $96.1, in the green by 0.58%. The total traded volume for the day was 32,240,187. The stock had closed at $95.55 in the previous days trading.

The company shares have dropped -25.06% from its 1 Year high price. On Jul 20, 2015, the shares registered one year high at $132.97 and the one year low was seen on May 12, 2016. The 50-Day Moving Average price is $96.18 and the 200 Day Moving Average price is recorded at $101.21. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Apple Inc, Ahrendts Angela J had sold 25,000 shares worth of $2,500,000 in a transaction dated May 31, 2016. In this transaction, 25,000 shares were sold at $100 per share.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Companys products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

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