Apple (NASDAQ: AAPL) received a number of ratings updates from brokerages and research firms in the last week:

  • Apple had its price target raised by analysts at Wedbush from $800.00 to $885.00. They now have an “outperform” rating on the stock. They wrote, “We are increasing our estimates to reflect an earlier-than-expected iPhone 5 launch and likely mini iPad introduction in FQ1 2013. We remain bullish on Apple given its robust product ecosystem, solid product pipeline, continued growth catalysts, and reasonable valuation.”
  • Apple had its “buy” rating reaffirmed by analysts at Canaccord Genuity.
  • Apple had its “outperform” rating reaffirmed by analysts at Credit Suisse. They now have a $750.00 price target on the stock.
  • Apple had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $910.00 price target on the stock.
  • Apple had its price target raised by analysts at JPMorgan Chase from $675.00 to $770.00. They now have an “overweight” rating on the stock. They wrote, “With Apple, we reiterate our Overweight rating and increase our Dec-13 price target to $770, versus $675 previously. We are increasing our iPhone and iPad estimates to adjust for pending new product launches (iPhone 5 and iPad mini). Our estimate revisions possess more of a near- to mid-term impact on our view of Apple’s stock. In this 20-plus page report, we also discuss other factors than could augment longer-term growth prospects at Apple. While there is persistent speculation of the next new market entry for Apple, we explore this topic but think that Apple can drive meaningful growth by further penetrating its existing end markets.”
  • Apple had its “overweight” rating reaffirmed by analysts at Evercore Partners.
  • Apple had its “buy” rating reaffirmed by analysts at Societe Generale. They now have a $800.00 price target on the stock.
  • Apple had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $900.00 price target on the stock.
  • Apple is now covered by analysts at Monness, Crespi, Hardt. They set a “buy” rating and a $835.00 price target on the stock.
  • Apple had its “overweight” rating reaffirmed by analysts at Barclays Capital.

Apple, Inc opened at 660.59 on Wednesday. Apple, Inc has a 52-week low of $354.24 and a 52-week high of $683.29. The company has a market cap of $619.2 billion and a price-to-earnings ratio of 15.53.

Apple Inc. (Apple), along with its subsidiaries, is engaged in designing, manufacturing and marketing mobile communication and media devices, personal computers, and portable digital music players.