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Do Analysts Expect Apple Inc. (AAPL) Stock to Rise Next Year?

Thursday, July 02, 2020 03:57 PM | InvestorsObserver Analysts

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Do Analysts Expect Apple Inc. (AAPL) Stock to Rise Next Year?

Analysts who follow Apple Inc. (AAPL) on average expect it to fall -6.28% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.

That average rating earns Apple Inc. an Analyst Ranking of 56, which means it ranks higher than 56 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4.3
Wall Street analysts are rating AAPL a Strong Buy today. Find out what this means to you and get the rest of the rankings on AAPL!

Why are Analyst Ratings Important?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.

InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With Apple Inc. Stock Today?

Apple Inc. (AAPL) stock is trading at $365.18 as of 3:52 PM on Thursday, Jul 2, an increase of $1.07, or 0.29% from the previous closing price of $364.11. Volume today is low. So far 22,624,213 shares have traded compared to average volume of 34,801,658 shares. The stock has traded between $364.81 and $370.47 so far today.

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