Wedbush Sticks to Their Buy Rating for Apple (AAPL)

In a report released today, Daniel Ives from Wedbush reiterated a Buy rating on Apple (AAPLResearch Report), with a price target of $220.00. The company’s shares closed yesterday at $173.03.

According to TipRanks, Ives is a 5-star analyst with an average return of 11.8% and a 59.08% success rate. Ives covers the Technology sector, focusing on stocks such as Apple, Twitter, and Fortinet.

Apple has an analyst consensus of Strong Buy, with a price target consensus of $182.79, implying a 5.64% upside from current levels. In a report released yesterday, Credit Suisse also upgraded the stock to a Buy with a $201.00 price target.

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The company has a one-year high of $182.19 and a one-year low of $128.86. Currently, Apple has an average volume of 79.54M.

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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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