$AAPL Apple is one of the largest and wealthiest companies in the world. Apple's market cap is $2.08 trillion!! The company designs a variety of electronic devices including smartphones, tablets, personal computers, watches, and so on. Apple's products are distributed online and through company-owned stores or third-party retailers. Apple generates about 40% of its revenue from America, and the rest it earns from international sales. The company released an interesting report last week: according to German media reports, the company intends to open additional stores worldwide. Such a move should be perceived as positive by the stock market. The company is trying to increase sales of its products; furthermore, according to company reports, the company is considering payments in cryptocurrencies.
Analyst coverage: This morning, Wedbush released coverage with a price target of $185. Yesterday, Evercore ISI released additional coverage with a price target of $175.
Technically: Current price: $125.02. First target: $138. Second target: $145. Stop loss: $118.80. Debt-to-equity ratio: 0.87.
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