Where Does Wall Street Think Apple Inc. Stock Will Go?

Monday, December 2, 2019 10:45 AM | InvestorsObserver Analysts

Wall Street is positive on Apple Inc. (AAPL). On average, analysts give Apple Inc. a Strong Buy rating. The average price target is $258.23, which means analysts expect the stock to lose by -2.44% over the next twelve months.

That rating is better than 49% of stocks based on data compiled by InvestorsObserver.

Click Here to get the full report on Apple Inc. (AAPL) Stock.

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 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 $264.70 as of 10:38 AM on Monday, Dec 2, a loss of -$2.55, or -0.95% from the previous closing price of $267.25. The stock has traded between $264.30 and $268.25 so far today. Volume today is low. So far 5,770,359 shares have traded compared to average volume of 23,344,772 shares.

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