Equities research analysts at Hudson Square Research raised their price target on shares of Apple, Inc (NASDAQ: AAPL) from $500.00 to $700.00 in a research issued note to investors on Tuesday. They currently have a “buy” rating on the company’s shares.
Separately, analysts at Morgan Stanley (NYSE: MS) reiterated an “overweight” rating on shares of Apple, Inc in a research note to investors on Tuesday. Analysts at Jefferies reiterated a “buy” rating on shares of Apple, Inc in a research note to investors on Thursday, October 6th. Also, analysts at Rodman & Renshaw reiterated an “outperform” rating on shares of Apple, Inc in a research note to investors on Wednesday, October 5th. They now have a $450.00 price target on the stock.
Shares of Apple, Inc opened at 388.81 on Tuesday. Apple, Inc has a 52 week low of $292.49 and a 52 week high of $422.86. The stock’s 50-day moving average is $386.6 and its 200-day moving average is $359.6. The company has a market cap of $360.5 billion and a price-to-earnings ratio of 15.38.
Apple Inc. (Apple) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. It̢۪s products and services include Macintosh (Mac) computers, iPhone, iPad, iPod, Apple TV, Xserve, a portfolio of consumer and professional software applications, the Mac OS X and iOS operating systems, third-party digital content and applications through the iTunes Store, and a range of accessory, service and support offerings. The Company sells its products globally through its retail stores, online stores, and direct sales force and third-party cellular network carriers, wholesalers, retailers, and value-added resellers. As of September 25, 2010, the Company had opened a total of 317 retail stores, including 233 stores in the United States and 84 stores internationally.
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