New buy rating for Apple (AAPL), the tech giant

In a report published yesterday, mike ng of Goldman Sachs maintained a buy rating on Apple (AAPLResearch report). Shares of the company closed yesterday at $165.79.

According TipRanksNg is an analyst with an average return of -18.7% and a success rate of 33.65%. Ng covers the technology sector, focusing on stocks such as Arista Networks, Apple and Offerpad Solutions.

Apple has a strong buy analyst consensus, with a target price consensus of $176.05, up 6.19% from current levels. In a report released yesterday, UBS also maintained a Buy rating on the stock with a price target of $180.00.

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The company has a 1-year high of $175.59 and a 1-year low of $123.98. Currently, Apple has an average volume of 59.21M.

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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. Services segment includes AppleCare, cloud services, digital content offerings like App Store and other content services like Apple Arcade, Apple Music, Apple News+, Apple Fitness+ and Apple TV+, payment services like 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 based in Cupertino, California.

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