Apple (AAPL) Receives a Rating Update from a Top Analyst

Jefferies analyst Andrew Uerkwitz maintained a Buy rating on Apple (AAPL – Research Report) today and set a price target of $210.00. The company’s shares closed yesterday at $180.09.

Uerkwitz covers the Technology sector, focusing on stocks such as Netflix, Roblox, and Take-Two. According to TipRanks, Uerkwitz has an average return of 21.4% and a 58.39% success rate on recommended stocks.

In addition to Jefferies, Apple also received a Buy from Evercore ISI’s Amit Daryanani in a report issued yesterday. However, on May 24, Bank of America Securities maintained a Hold rating on Apple (NASDAQ: AAPL).

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AAPL market cap is currently $2832.6B and has a P/E ratio of 30.60.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Apple, Inc. designs, manufactures, and sells smartphones, personal computers, tablets, wearables and accessories. It also offers a range of related services. Its products include iPhone, Mac, iPad, Apple TV, Apple Watch, Beats products, HomePod and AirPods. The services segment is comprised of AppleCare, cloud services, digital content offerings like the App Store and other content services like Apple Arcade, Apple Music, Apple News+, Apple Fitness+ and Apple TV+, payment services such as Apple Card and Apple Pay as well as advertising and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

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