Apple (NASDAQ:AAPL) Given "Buy" Rating at Tigress Financial

Apple could be the first $2 trillion company by the end of 2021, analyst predicts

The stock has an average rating of "Hold" and a consensus target price of $109.11. C M Bidwell & Associates Ltd. boosted its position in shares of Apple by 339.1% during the second quarter. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Apple has an average rating of "Hold" and a consensus target price of $274.36. Company insiders own 0.05% of the company's stock. Samsung and other tech companies have already started using Qualcomm's latest chips that support 5G networks and this leads us to believe that Apple's next-gen iPhone 12 lineup needs to introduce 5G connectivity as well. C M Bidwell & Associates Ltd. now owns 764 shares of the iPhone maker's stock valued at $151,000 after buying an additional 590 shares during the last quarter. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 1.01. The stock has a market cap of $1,370.80 billion, a P/E ratio of 26.39, a P/E/G ratio of 2.26 and a beta of 1.25.

Apple (NASDAQ:AAPL) has been assigned a $296.00 price objective by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, January 6th, Borsen Zeitung reports. Finally, Fisher Asset Management LLC increased its holdings in Apple by 2.2% during the 3rd quarter. Jefferies Financial Group boosted their target price on Apple from $285.00 to $350.00 and gave the company a "buy" rating in a research note on Thursday, January 9th. The firm's 50-day moving average is $283.66 and its 200-day moving average is $237.71. Apple Inc. has a 12-month low of $150.05 and a 12-month high of $317.57. In his recent statement, Ives highlighted that he expects the stock to be trading around $400 by the end of this year that will mark an over 30% gain for Apple as compared to its current price in the stock market.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Wednesday, October 30th. Dover had a return on equity of 29.62% and a net margin of 9.08%. Revenue expectations from the iPhone have been raised as follows: to $141 billion (from $139 billion) in 2019, to $152 billion (from $143 billion) in 2020 and to $159 billion (from $147 billion) in 2021. During the same quarter in the previous year, the company earned $2.91 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter a year ago. Now Canaccord Genuity has jumped in on the Apple price-hike brigade, reiterating its Buy rating and raising its own target to $355 from $275. The Engineered Systems segment offers precision marking and coding, digital textile printing, soldering and dispensing equipment, and related consumables and services; and automation components, including manual and power clamps, rotary and linear mechanical indexers, conveyors, pick and place units, glove ports, and manipulators, as well as end-of-arm robotic grippers, slides, and end effectors for fast-moving consumer goods, digital textile printing, vehicle service, environmental solutions, and industrials end markets.



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