Apple Inc. Share Price Target ‘$196.35’, now -11.4% Downside Potential

Broker Ratings
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Apple Inc. with ticker code (AAPL) have now 37 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The target price High/Low ranges between $253.33 and $151.08 with the average share target price sitting at $196.35. (at the time of writing). Now with the previous closing price of $221.55 this would imply there is a potential downside of -11.4%. Also worth taking note is the 50 day moving average now sits at $195.08 and the 200 day moving average is $184.61. The market capitalization for the company is 3.47T. The stock price is currently at: $226.34 USD

The potential market cap would be $3,075,946,371,683 based on the market consensus.

The company has a dividend yield of 0.89%. Other points of data to note are a P/E ratio of 35.2, revenue per share of $24.54 and a 22.07% return on assets.

Apple Inc. (Apple) designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories and sells a range of related services. The Company’s products include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and accessories. The Company operates various platforms, including the App Store, which allows customers to discover and download applications and digital content, such as books, music, video, games and podcasts. Apple offers digital content through subscription-based services, including Apple Arcade, Apple Music, Apple News+, Apple TV+ and Apple Fitness+. Apple also offers a range of other services, such as AppleCare, iCloud, Apple Card and Apple Pay. Apple sells its products and resells third-party products in a range of markets, including directly to consumers, small and mid-sized businesses, and education, enterprise and government customers through its retail and online stores and its direct sales force.

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