Citigroup (C) Analysts Raise Price Target on Apple, Inc (AAPL) to $450.00
Wednesday, July 13, 2021 11:01 AM

Equities research analysts at Citigroup (NYSE: C) boosted their price target on shares of Apple, Inc (NASDAQ: AAPL) to $450.00 in a research note to investors on Wednesday. The analysts currently have a "buy" rating on the stock.

Separately, analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of Apple, Inc in a research note on Tuesday. They now have an "outperform" rating and a $500.00 price target on the stock. Also, analysts at Deutsche Bank (NYSE: DB) reiterated a "buy" rating on shares of Apple, Inc in a research note to investors on Monday. They now have a $450.00 price target on the stock.

Shares of Apple, Inc traded up 1.55% during mid-day trading on Thursday, hitting $359.24. 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 $336.4 and its 200-day moving average is $341.5. The company has a market cap of $332.2 billion and a price-to-earnings ratio of 16.85.

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 $6.36 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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