Needham Reaffirms Their Buy Rating on Apple (AAPL)

In a report released today, Laura Martin from Needham maintained a Buy rating on Apple (AAPLResearch Report), with a price target of $170.00. The company’s shares closed yesterday at $150.82.

According to TipRanks, Martin is a 3-star analyst with an average return of 2.3% and a 44.58% success rate. Martin covers the Technology sector, focusing on stocks such as Netflix, Magnite, and Perion Network.

In addition to Needham, Apple also received a Buy from KeyBanc’s Brandon Nispel in a report issued today. However, on the same day, Barclays maintained a Hold rating on Apple (NASDAQ: AAPL).

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AAPL market cap is currently $2303.1B and has a P/E ratio of 24.72.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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