Goldman Sachs analyst Mike Ng maintained a Buy rating on Apple (AAPL – Research Report) today and set a price target of $294.00. The company’s shares closed yesterday at $244.87.
Discover the Best Stocks and Maximize Your Portfolio:
According to TipRanks, Ng is a 5-star analyst with an average return of 12.1% and a 55.30% success rate. Ng covers the Technology sector, focusing on stocks such as Apple, Arista Networks, and Cisco Systems.
Currently, the analyst consensus on Apple is a Moderate Buy with an average price target of $250.95, implying a 2.48% upside from current levels. In a report released yesterday, Evercore ISI also reiterated a Buy rating on the stock with a $260.00 price target.
The company has a one-year high of $260.10 and a one-year low of $164.08. Currently, Apple has an average volume of 50.71M.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year. Earlier this month, Arthur Levinson, a Director at AAPL sold 1,516.00 shares for a total of $343,146.60.