Market Overview

Bernstein Reiterates Outperform Rating, $750 PT on Apple

Share:
Related AAPL
Netflix Spikes On Takeover Chatter
Mobile Advertising's Next Barrier: Texts, iMessages, WhatsApp And More
IBD 50 Stocks: New Highs, Late-Stage Strength (Investor's Business Daily)

In a report published Monday, Bernstein reiterated its Outperform rating and $750.00 price target on Apple (NASDAQ: AAPL).

Bernstein Research noted, “In the near term, we suspect that Apple's stock could continue to be range-bound, given worries about the company's ability to eclipse first-quarter and full-year FY13 estimates and given questions about the trajectory of gross margin improvement. For longer-term investors, we believe that Apple offers a compelling combination of attractive growth, reasonable price and significant future option value. We rate the stock Outperform with a target price of $750.”

Apple closed on Friday at $520.30.

Latest Ratings for AAPL

DateFirmActionFromTo
Sep 2016CitigroupMaintainsBuy
Sep 2016BarclaysMaintainsOverweight
Sep 2016RBC CapitalMaintainsOutperform

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Bernstein ResearchAnalyst Color Reiteration Analyst Ratings

 

Related Articles (AAPL)

View Comments and Join the Discussion!