UBS Keeps Their Hold Rating on Apple (AAPL)

UBS analyst David Vogt maintained a Hold rating on Apple (AAPL – Research Report) today and set a price target of $190.00. The company’s shares opened today at $182.85.

According to TipRanks, Vogt is a 4-star analyst with an average return of 17.6% and a 72.22% success rate. Vogt covers the Technology sector, focusing on stocks such as Apple, Dell Technologies, and NetApp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $204.39 average price target, an 11.78% upside from current levels. In a report released yesterday, Loop Capital Markets also downgraded the stock to a Hold with a $170.00 price target.

Based on Apple’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $90.75 billion and a net profit of $23.64 billion. In comparison, last year the company earned a revenue of $94.84 billion and had a net profit of $24.16 billion

Based on the recent corporate insider activity of 47 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.