tiprankstipranks
In this article:
Blurbs

UBS Believes Apple (AAPL) Won’t Stop Here

In this article:
In this article:

In a report issued on April 1, David Vogt from UBS maintained a Buy rating on Apple (AAPLResearch Report), with a price target of $185.00. The company’s shares closed last Friday at $174.31, close to its 52-week high of $182.94.

According to TipRanks.com, Vogt is a 4-star analyst with an average return of 32.8% and a 95.2% success rate. Vogt covers the Technology sector, focusing on stocks such as International Business Machines, Hewlett Packard Enterprise, and Arista Networks.

Currently, the analyst consensus on Apple is a Strong Buy with an average price target of $193.36, implying an 11.1% upside from current levels. In a report issued on March 18, Loop Capital Markets also maintained a Buy rating on the stock with a $210.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Based on Apple’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $124 billion and net profit of $34.63 billion. In comparison, last year the company earned revenue of $111 billion and had a net profit of $28.76 billion.

Based on the recent corporate insider activity of 41 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. Most recently, in February 2022, Arthur Levinson, a Director at AAPL sold 1,986 shares for a total of $344,154.

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.

Read More on AAPL:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed

In this article:

Latest News Feed