Apple (AAPL): New Buy Recommendation for This Technology Giant

J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Apple (AAPL – Research Report) today and set a price target of $265.00. The company’s shares opened today at $226.98.

Chatterjee covers the Technology sector, focusing on stocks such as Apple, Super Micro Computer, and Qualcomm. According to TipRanks, Chatterjee has an average return of 13.5% and a 62.44% success rate on recommended stocks.

In addition to J.P. Morgan, Apple also received a Buy from Bank of America Securities’s Wamsi Mohan in a report issued on November 12. However, today, KeyBanc maintained a Sell rating on Apple (NASDAQ: AAPL).

The company has a one-year high of $237.49 and a one-year low of $164.08. Currently, Apple has an average volume of 47.84M.

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Apple (AAPL) Company Description:

Apple, Inc. designs, manufactures, and sells smartphones, personal computers, tablets, wearables and accessories. It also offers a range of related services. Its products include iPhone, Mac, iPad, Apple TV, Apple Watch, Beats products, HomePod and AirPods. The services segment is comprised of AppleCare, cloud services, digital content offerings like the App Store and other content services like Apple Arcade, Apple Music, Apple News+, Apple Fitness+ and Apple TV+, payment services such as Apple Card and Apple Pay as well as advertising and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.