Needham Believes Apple (NASDAQ: AAPL) Still Has Room to Grow

Needham analyst Laura Martin assigned a Buy rating to Apple (AAPLResearch Report) today and set a price target of $170.00. The company’s shares closed last Tuesday at $146.77, close to its 52-week high of $150.00.

According to TipRanks.com, Martin is a top 100 analyst with an average return of 27.3% and a 65.1% success rate. Martin covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, Tremor International, and CuriosityStream.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Apple with a $158.96 average price target, representing a 6.6% upside. In a report issued on July 21, Canaccord Genuity also maintained a Buy rating on the stock with a $175.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $150.00 and a one-year low of $93.25. Currently, Apple has an average volume of 83.75M.

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.