ISI Group Sets Apple Price Target at $650.00 (AAPL)
Research analysts at ISI Group increased their target price on shares of Apple (NASDAQ: AAPL) from $525.00 to $650.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock.
Apple opened at 579.17 on Wednesday. Apple has a 52-week low of $310.50 and a 52-week high of $644.00. The company has a market cap of $541.6 billion and a price-to-earnings ratio of 14.11.
A number of other analysts have also recently weighed in on AAPL. Analysts at Zacks reiterated an “outperform” rating on shares of Apple in a research note to investors on Thursday, May 24th. They now have a $685.00 price target on the stock. Separately, analysts at Oppenheimer (NYSE: OPY) cut their price target on shares of Apple from $700.00 to $680.00 in a research note to investors on Wednesday, May 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Apple in a research note to investors on Tuesday, May 15th.
Apple Inc. (Apple), along with its subsidiaries is engaged in designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications.