Apple Inc. (NASDAQ:APPL) Receives a Consensus Rating of “Buy” and $556.05 Price Target Given to

Apple Inc
Apple Inc

Shares of Apple Inc. (NASDAQ:AAPL) was give a boost in price target to $580.00 from $560.00 by Canaccord Genuity analysts who also gave the stock a rating of “Buy” on Wednesday. Deutsche Bank analysts have also rated Apple’s stock as “Buy” and gave it a price target of $575.00. Goldman Sachs Groups Inc. (GS) also gave Apple’s stock a “Buy” RATING; the same rating was given by Mizuho analysts who also increased the stock’s price target to $550.00 from $520.00.

1,843 shares from Apple’s stock were sold by the company’s Senior Vice President of Apple, Jeffrey E. Williams on the 16th of October. The open market price value at which the shares were sold was $501.09 a share; the total sale was of $923,508.87. SEC filing reported all the sale details.

A total of 14 analysts have given Apple stock a rating of “Hold”, a rating of “Sell” was given by two analysts whereas as a total of 41 analysts gave the stock a rate of “Buy” and two analysts gave the stock a rating of “Strong Buy”. The consensus rating of Apple’s stock is “Buy” and the price target is valued at $556.05.

Maynard Um, an analyst at Wells Fargo Securities gave Apple a rating of “Outperform” on Thursday.

In the premarket, shares of Apple Inc. (NASDAQ:AAPL) jumped up by 0.41% and in the last session of trading the stock closed at  a value of $508.89 after going up by 0.87%; stock’s day range on Friday was between $505.71 and $509.26.