Bernstein Reiterates Outperform Rating, $750 PT on Apple
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
|Aug 2016||RBC Capital||Maintains||Outperform|
|Jul 2016||Hilliard Lyons||Upgrades||Long-term Buy||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.