Goldman Sachs Sticks to Its Hold Rating for Apple Inc (AAPL)

Goldman Sachs analyst Rod Hall maintained a Hold rating on Apple Inc (AAPLResearch Report) today and set a price target of $165. The company’s shares closed last Monday at $218.75, close to its 52-week high of $233.47.

According to, Hall is a 4-star analyst with an average return of 5.5% and a 49.3% success rate. Hall covers the Consumer Goods sector, focusing on stocks such as Cisco Systems Inc, Arista Networks, and Finisar Corp.

Currently, the analyst consensus on Apple Inc is a Moderate Buy with an average price target of $224.76, which is a 2.2% upside from current levels. In a report issued on August 29, Nomura also maintained a Hold rating on the stock with a $185 price target.

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The company has a one-year high of $233.47 and a one-year low of $142. Currently, Apple Inc has an average volume of 25.65M.

Based on the recent corporate insider activity of 35 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. Last month, Arthur Levinson, a Director at AAPL sold 17,500 shares for a total of $3,529,575.

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