Apple (AAPL) Receives a Buy from J.P. Morgan

By Carrie Williams

In a report released yesterday, Samik Chatterjee from J.P. Morgan maintained a Buy rating on Apple (AAPLResearch Report), with a price target of $150.00. The company’s shares closed last Friday at $115.04.

According to TipRanks.com, Chatterjee is a 5-star analyst with an average return of 17.0% and a 59.8% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Keysight Technologies, and National Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $125.15 average price target, a 7.5% upside from current levels. In a report issued on October 11, Wedbush also maintained a Buy rating on the stock with a $150.00 price target.

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The company has a one-year high of $137.98 and a one-year low of $53.15. Currently, Apple has an average volume of 169.4M.

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Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, 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.