Apple (AAPL) Receives a Hold from UBS
UBS analyst David Vogt maintained a Hold rating on Apple (AAPL – Research Report) today and set a price target of $210.00. The company's shares closed yesterday at $201.56.
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According to TipRanks, Vogt is a 4-star analyst with an average return of 9.1% and a 60.81% success rate. Vogt covers the Technology sector, focusing on stocks such as Apple, International Business Machines, and TD SYNNEX Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $226.94 average price target, representing a 12.59% upside. In a report released on June 13, Phillip Securities also maintained a Hold rating on the stock with a $200.00 price target.
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The company has a one-year high of $260.10 and a one-year low of $169.21. Currently, Apple has an average volume of 61.77M.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year. Last month, Chris Kondo, the CAO of AAPL sold 4,486.00 shares for a total of $933,940.34.
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