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Barclays Sticks to Their Hold Rating for Apple (AAPL)

Barclays analyst Tim Long maintained a Hold rating on Apple (AAPLResearch Report) on September 21 and set a price target of $142.00. The company’s shares closed last Thursday at $146.94.

According to TipRanks.com, Long is a 5-star analyst with an average return of 14.4% and a 67.1% success rate. Long covers the Technology sector, focusing on stocks such as Keysight Technologies, Motorola Solutions, and Arista Networks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Apple with a $169.64 average price target, implying a 15.7% upside from current levels. In a report issued on September 13, Credit Suisse also maintained a Hold rating on the stock with a $150.00 price target.

See today’s analyst top recommended stocks >>

Based on Apple’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $81.43 billion and net profit of $21.74 billion. In comparison, last year the company earned revenue of $59.69 billion and had a net profit of $11.25 billion.

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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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