Apple (AAPL) Receives a Hold from Barclays

In a report released today, Tim Long from Barclays maintained a Hold rating on Apple (AAPLResearch Report), with a price target of $167.00. The company’s shares closed last Friday at $178.18.

According to TipRanks, Long is a 5-star analyst with an average return of 11.3% and a 60.58% success rate. Long covers the Technology sector, focusing on stocks such as Apple, Motorola Solutions, and Cisco Systems.

In addition to Barclays, Apple also received a Hold from UBS’s David Vogt in a report issued on September 8. However, today, KeyBanc upgraded Apple (NASDAQ: AAPL) to a Buy.

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AAPL market cap is currently $2785.7B and has a P/E ratio of 29.94.

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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.

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