Short Term Price Target on Apple (AAPL)

Apple (NASDAQ:AAPL) : The most positive equity analysts on Apple (NASDAQ:AAPL) expects the shares to touch $185, whereas, the least positive believes that the stock will trade at $82 in the short term. The company is covered by 25 Wall Street Brokerage Firms. The average price target for shares are $125.04 with an expected fluctuation of $19.52 from the mean.

Apple Inc. has lost 0.52% in the last five trading days and dropped 2.9% in the last 4 weeks. Apple Inc. has dropped 12.55% during the last 3-month period . Year-to-Date the stock performance stands at -8.13%. Also, Goldman Sachs maintains its rating on Apple (NASDAQ:AAPL). The global brokerage major lowers the current price target from $136 per share to $124 per share. Analysts at the Goldman Sachs have a current rating of Buy on the shares. The rating by the firm was issued on June 2, 2016.

Apple (NASDAQ:AAPL) : 22 brokerage houses believe that Apple (NASDAQ:AAPL) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Apple (NASDAQ:AAPL). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 30 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.

Apple (NASDAQ:AAPL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.44 and $94.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.60, notching a gain of 1.27% for the day. The total traded volume was 35,836,356 . The stock had closed at $94.40 on the previous day.

In an insider trading activity, Ahrendts Angela J, officer (Senior Vice President) of Apple Inc, unloaded 25,000 shares at an average price of $100 on May 31, 2016. The total amount of the transaction was worth $2,500,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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