Tigress Financial Remains a Buy on Apple (AAPL)

Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Apple (AAPLResearch Report) today and set a price target of $210.00. The company’s shares opened today at $138.21.

Feinseth covers the Technology sector, focusing on stocks such as Hims & Hers Health, Garmin, and Meta Platforms. According to TipRanks, Feinseth has an average return of 10.0% and a 55.90% success rate on recommended stocks.

In addition to Tigress Financial, Apple also received a Buy from J.P. Morgan’s Samik Chatterjee in a report issued yesterday. However, on September 29, Bank of America Securities downgraded Apple (NASDAQ: AAPL) to a Hold.

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Based on Apple’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $82.96 billion and a net profit of $19.44 billion. In comparison, last year the company earned a revenue of $81.43 billion and had a net profit of $21.74 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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