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Apple (AAPL) Gets a Buy Rating from Monness

In a report released today, Brian White from Monness maintained a Buy rating on Apple (AAPLResearch Report), with a price target of $184.00. The company’s shares closed last Tuesday at $148.12.

According to TipRanks.com, White is a top 100 analyst with an average return of 29.2% and a 79.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Alphabet Class A, and Salesforce.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Apple with a $166.64 average price target, a 10.8% upside from current levels. In a report issued on September 3, Wedbush also maintained a Buy rating on the stock with a $185.00 price target.

See today’s analyst top recommended stocks >>

Apple’s market cap is currently $2448.4B and has a P/E ratio of 29.20. The company has a Price to Book ratio of 38.46.

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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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