AAPL: Buy, Sell or Hold?Apple is definitely a green light. Consensus Rating reveals it is on the uptrend.Apple has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 26 buy ratings, 6 hold ratings, and 2 sell ratings. According to analysts' consensus price target of $156.38, Apple has a forecasted upside of 4.9% from its current price of $149.10.
AAPL bounceback: The next 12-14 months could see 40% rise
Gene Munster of Loup ventures, ascertains and understands clearly why Apple stock price has remained stuck below $150 apiece for the past few weeks. According to him, the following factors help to explain the malaise in share price, which now sits below mid-July levels:The current debate around the federal government’s debt ceiling adds uncertainty to the markets in general;Although inflation worries have eased (the five-year implied rate dipped from 2.7% in May to 2.5% now), they remain an overhang;The Fed is about to start unwinding monetary easing, which should eventually lead to higher short-term (and maybe longer-term) interest rates.However, Mr. Munster seems to think that the above are merely near-term distractions to what is a much more optimistic narrative for Apple stock in
Analyst's OpinionConsensus RatingApple has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 26 buy ratings, 6 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $156.52, Apple has a forecasted upside of 5.3% from its current price of $148.60.Amount of Analyst CoverageApple has been the subject of 20 research reports in the past 90 days, demonstrating strong analyst interest in this stock.