New Buy Rating for Apple (AAPL), the Technology Giant
In a report released today, Daniel Ives from Wedbush maintained a Buy rating on Apple, with a price target of $350.00.
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According to TipRanks, Ives is a 5-star analyst with an average return of 11.9% and a 52.02% success rate. Ives covers the Technology sector, focusing on stocks such as Apple, International Business Machines, and Check Point.
In addition to Wedbush, Apple also received a Buy from Bernstein’s Mark Newman in a report issued today. However, on the same day, UBS maintained a Hold rating on Apple (NASDAQ: AAPL).
Based on Apple’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $143.76 billion and a net profit of $42.1 billion. In comparison, last year the company earned a revenue of $124.3 billion and had a net profit of $36.33 billion
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