<div id="readability-page-1"><div id="articlecontent"> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/apple-inc-logo-1200x675.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/apple-inc-logo-1200x675.png"/><span>Apple (NASDAQ:AAPL - Get Free Report)</span> had its target price hoisted by Canaccord Genuity Group from $200.00 to $215.00 in a research note issued to investors on Saturday, Stock Target Advisor reports. The brokerage presently has a &#34;buy&#34; rating on the iPhone maker's stock. Canaccord Genuity Group's price objective suggests a potential upside of 17.24% from the stock's previous close.</p><ul><li>MarketBeat Week in Review – 4/29 - 5/3</li></ul><p>AAPL has been the subject of a number of other reports. UBS Group reaffirmed a &#34;hold&#34; rating and issued a $190.00 price objective on shares of Apple in a research note on Monday, March 25th. The Goldman Sachs Group upped their price target on shares of Apple from $223.00 to $232.00 and gave the stock a &#34;buy&#34; rating in a research report on Friday, February 2nd. Barclays lifted their price objective on shares of Apple from $158.00 to $164.00 and gave the company an &#34;underweight&#34; rating in a report on Friday. Citigroup lowered their target price on Apple from $220.00 to $210.00 and set a &#34;buy&#34; rating for the company in a report on Monday, April 29th. Finally, Redburn Atlantic downgraded Apple from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $204.00.</p><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03Nzk3?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03Nzk3"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2046push_bitcoin-3374479_640.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="200" height="200" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2046push_bitcoin-3374479_640.jpg"/></p></div><div><p><b>Ad </b> Weiss Ratings</p><p>The #1 Crypto for AI</p><p>We’ve issued an urgent landmark trade alert for a new crypto wonder. So, I decided to give you this heads-up before it’s too late. It’s urgent because it’s what we consider “The #1 Crypto for the AI World.”</p><p>Learn more about it by watching THIS NOW.</p></div></div></div><p><b>Check Out Our Latest Stock Report on Apple</b></p><h2>Apple Stock Performance</h2><ul><li>Apple’s Earnings Show Investors Its Strength and Its Weakness</li></ul><p>Shares of NASDAQ:AAPL opened at $183.38 on Friday. The firm's 50 day simple moving average is $172.15 and its 200-day simple moving average is $181.57. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple has a one year low of $164.07 and a one year high of $199.62. The firm has a market cap of $2.83 trillion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. </p><p>Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 EPS for the quarter, topping the consensus estimate of $1.51 by $0.02. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company had revenue of $90.75 billion for the quarter, compared to the consensus estimate of $90.37 billion. During the same period last year, the business posted $1.52 EPS. Apple's quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities analysts predict that Apple will post 6.53 EPS for the current year. </p><ul><li>Microsoft Analysis: Trends, Predictions &amp; Investment Insight</li></ul><p>Apple announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 2nd that authorizes the company to buyback $110.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued. </p><h2>Insider Buying and Selling at Apple</h2><p>In related news, SVP Deirdre O'brien sold 54,732 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now directly owns 136,572 shares of the company's stock, valued at $23,068,376.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Deirdre O'brien sold 54,732 shares of the business's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the firm's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,271 shares of company stock worth $63,653,887. Insiders own 0.06% of the company's stock. </p><h2>Hedge Funds Weigh In On Apple</h2><p>Large investors have recently bought and sold shares of the business. McBroom &amp; Associates LLC increased its holdings in Apple by 0.6% in the 3rd quarter. McBroom &amp; Associates LLC now owns 36,369 shares of the iPhone maker's stock worth $6,227,000 after acquiring an additional 206 shares in the last quarter. Essex LLC raised its position in shares of Apple by 13.1% during the 3rd quarter. Essex LLC now owns 32,403 shares of the iPhone maker's stock worth $5,548,000 after purchasing an additional 3,755 shares during the last quarter. ETF Portfolio Partners Inc. lifted its stake in Apple by 1.0% in the 3rd quarter. ETF Portfolio Partners Inc. now owns 10,260 shares of the iPhone maker's stock valued at $1,757,000 after buying an additional 100 shares in the last quarter. Shore Point Advisors LLC lifted its stake in Apple by 9.8% in the 3rd quarter. Shore Point Advisors LLC now owns 6,375 shares of the iPhone maker's stock valued at $1,091,000 after buying an additional 570 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in Apple by 2.3% in the 3rd quarter. Capital Investment Advisors LLC now owns 396,182 shares of the iPhone maker's stock worth $67,830,000 after buying an additional 8,803 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company's stock. </p><h2>About Apple</h2><p> (Get Free Report)</p><p>Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Apple</li><li>Insider Buying Explained: What Investors Need to Know</li><li>Apple’s Earnings Show Investors Its Strength and Its Weakness</li><li>Business Services Stocks Investing</li><li>Bargain Alert: 3 Large Caps With Extremely Oversold RSIs</li><li>Low PE Growth Stocks: Unlocking Investment Opportunities</li><li>DraftKings Q1: Strong Customer Acquisition and Product Innovation</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/stocktargetadvisor.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="250" height="60" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/stocktargetadvisor.png"/></p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUFQTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUFQTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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AAPL

603020

<p>Canaccord Genuity Group raised Apple's price target from $200 to $215 and gave the stock a "buy" rating. The new price target suggests a potential upside of 17.24% from the stock's previous close.</p>

Canaccord Genuity Group Raises Apple (NASDAQ:AAPL) Price Target to $215.00