Here are the latest rating changes on this tech stock:
Initiated at Deutsche Bank, as ‘Hold’
Initiated at Evercore ISI Group, as ‘Outperform’
Maintains at Canaccord Genuity, as ‘Buy’
Maintains at Morgan Stanley, as ‘Overweight’
Maintains at Morgan Stanley, as ‘Overweight’
Maintains at Citi, as ‘Buy’
Apple Inc. (AAPL)
From The Personal Capitalist
Apple Inc. (AAPL) is up 41% (6/26) year to date. 40 analysts follow the stock with 55% rating the stock as a buy or strong buy and 45% as a hold.
It is ranked as number three in revenues in the latest Fortune 500 (June 19 issue) The company has 58% of total revenues coming from abroad, with 20% from China.
We continue to believe Apple can sustainably grow revenues and earnings per share. Services continue to grow, and innovation is accelerated. Innovation should grow to 30% of revenues and 46% gross profit by 2023.
It’s a great stock to hold for the long-term.
Sean Christian, The Personal Capitalist, 9524 East 81st Street, Suite B #1715, Tulsa, OK 74133, June 26, 2019