In a recent development, Jefferies analyst Edison Lee has upgraded the stock rating for Apple (AAPL, Financial) from "Underperform" to "Hold". This change reflects a shift in the analyst's perspective on the technology giant's future prospects.
Additionally, Jefferies has raised its price target for Apple (AAPL, Financial) from $170.62 to $188.32 USD, marking a significant 10.37% increase. This adjustment signifies a positive outlook on the company's potential performance in the market.
The update comes as Apple (AAPL, Financial) continues to navigate a competitive environment, demonstrating resilience and innovation. Investors are advised to take note of the new price target and rating as they consider their portfolio strategies.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 41 analysts, the average target price for Apple Inc (AAPL, Financial) is $230.97 with a high estimate of $300.00 and a low estimate of $139.00. The average target implies an upside of 11.14% from the current price of $207.82. More detailed estimate data can be found on the Apple Inc (AAPL) Forecast page.
Based on the consensus recommendation from 50 brokerage firms, Apple Inc's (AAPL, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Apple Inc (AAPL, Financial) in one year is $210.71, suggesting a upside of 1.39% from the current price of $207.82. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Apple Inc (AAPL) Summary page.
