Needham Lowers Price Target on Apple (AAPL)
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.
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