Needham Lowers Price Target on Apple (AAPL)

Needham Lowers Price Target on Apple (AAPL)

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Needham announced on Monday that it has cut its price target on tech giant Apple Inc. (AAPL).

The firm reported that it has lowered its price target on AAPL to $595. This price target suggests a 24% increase from the stock’s current price of $454.45. Analysts see the company facing more competition.

Apple shares were up $3.35, or 0.74%, during pre-market trading Monday. The stock is down 14% YTD.

The Bottom Line

Shares of Apple Inc. (AAPL) have a 2.68% yield based on Friday’s closing price of $454.45.

Apple Inc. (AAPL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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