Oppenheimer (OPY) Analysts Lower Price Target on Apple, Inc (AAPL) to $420.00
Tuesday, June 21, 2021 6:22 AM

Equities research analysts at Oppenheimer (NYSE: OPY) lowered their price target on shares of Apple, Inc (NASDAQ: AAPL) to $420.00 in a research note to investors on Tuesday.

Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a "buy" rating on shares of Apple, Inc in a research note to investors on Wednesday, June 15th. Also, analysts at Piper Jaffray (NYSE: PJC) reiterated an "overweight" rating on shares of Apple, Inc in a research note to investors on Monday, June 13rd.

Shares of Apple, Inc opened at 315.32 on Wednesday. Apple, Inc has a 52 week low of $235.56 and a 52 week high of $364.90. The stock's 50-day moving average is $337.6 and its 200-day moving average is $339.3. The company has a market cap of $291.6 billion and a price-to-earnings ratio of 15.02.

Apple, Inc last announced its quarterly results on Wednesday, April 20th. The company reported $6.40 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $5.37 EPS by $1.03. During the same quarter in the prior year, the company posted $3.33 earnings per share. The company’s quarterly revenue was up 82.70% on a year-over-year basis. On average, analysts predict that Apple, Inc will post $6.35 EPS next quarter.

Apple Inc. (Apple) designs, manufactures and markets a range of personal computers, mobile communication and media devices, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications. It’s products and services include Macintosh (Mac) computers, iPhone, iPad, iPod, Apple TV, Xserve, a portfolio of consumer and professional software applications, the Mac OS X and iOS operating systems, third-party digital content and applications through the iTunes Store, and a range of accessory, service and support offerings. The Company sells its products globally through its retail stores, online stores, and direct sales force and third-party cellular network carriers, wholesalers, retailers, and value-added resellers. As of September 25, 2010, the Company had opened a total of 317 retail stores, including 233 stores in the United States and 84 stores internationally.

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