Apple (AAPL): New Buy Recommendation for This Technology Giant - The Globe and Mail
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In a report released today, Samik Chatterjee from J. P. Morgan maintained a Buy rating on Apple, with a price target of $340.00. Chatterjee covers the Technology sector, focusing on stocks such as Apple, Salesforce, and Akamai. According to TipRanks, Chatterjee has an average return of 57.8% and a 76.83% success rate on recommended stocks. In addition to J. P. Morgan, Apple also received a Buy from Evercore ISI’s Amit Daryanani in a report issued on October 9. However, on October 6, UBS maintained a Hold rating on Apple (NASDAQ: AAPL). Based on Apple’s latest earnings release for the quarter ending June 27, the company reported a quarterly revenue of $109.42 billion and a net profit of $29.79 billion. In comparison, last year the company earned a revenue of $94.04 billion and had a net profit of $23.43 billion
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