In a note to clients on Thursday, UBS analyst David Vogt maintained a Buy rating on Apple shares, with a price target of $180.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Apple with a $174.29 average price target, which is a 30.56% upside from current levels. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $177.00 price target.
For the quarter ending September 30, the company reported a quarterly revenue of $90.15 billion and a net profit of $20.72 billion. In comparison, last year the company earned a revenue of $83.36 billion and had a net profit of $20.55 billion.
MacDailyNews Take: Makes sub-$135 sound like quite the deal!
Note: Apple’s 52-week low stands at $124.17 set just nine days ago on January 3rd. Apple reports December quarter results after market close on February 2nd.
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