Apple shares are trading higher after Citi initiated coverage on the stock with a Buy rating and $240 price target. The company reached a $3 trillion market cap on Friday.
Portfolio Pulse from Benzinga Newsdesk
Apple's shares are trading higher following Citi's initiation of coverage on the stock with a Buy rating and a price target of $240. Apple reached a $3 trillion market cap on Friday.
June 30, 2023 | 7:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Apple's stock is trading higher after Citi initiated coverage with a Buy rating and a $240 price target. The company recently achieved a $3 trillion market cap.
The initiation of coverage by Citi with a Buy rating and a high price target is a positive signal for investors, which can lead to increased demand for the stock. This, combined with the recent achievement of a $3 trillion market cap, contributes to a bullish outlook for Apple's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100