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

  • Apple had its “buy” rating reaffirmed by analysts at Topeka Capital. They now have a $1,111.00 price target on the stock.
  • Apple had its “buy” rating reaffirmed by analysts at Canaccord Genuity.
  • Apple had its “buy” rating reaffirmed by analysts at Sterne Agee. They now have a $840.00 price target on the stock.
  • Apple had its “outperform” rating reaffirmed by analysts at Cowen.
  • Apple had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a $750.00 price target on the stock.
  • Apple is now covered by analysts at Nomura. They set a “neutral” rating and a $710.00 price target on the stock. They wrote, “Our main conclusions are: 1) Near-term dynamics appear strong; 2) Medium-term dynamics look solid; 3) Longer term, we see 10ppt downside to iPhone gross margins and 4) The scope for major upside surprises appears modest. Our supply-side checks in Asia (end-September visits) in combination with our new demand-side model suggest Apple’s iPhone sales could slightly beat recently lowered expectations for fiscal Q1. We see no material downside risk to consensus estimates beyond temporary issues related to supply. We expect emerging markets to drive growth thereafter; however, we expect this transition to undermine margins.”
  • Apple had its “outperform” rating reaffirmed by analysts at Credit Suisse. They now have a $750.00 price target on the stock.

Apple, Inc traded up 0.98% on Wednesday, hitting $642.05. Apple, Inc has a 1-year low of $363.32 and a 1-year high of $705.07. The company has a market cap of $601.9 billion and a price-to-earnings ratio of 14.94.

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.