Canaccord raised its price target on Apple Inc.(NASDAQ:AAPL) to $710 from $660 following its WWDC keynote, citing the expanded features and functionality of its iOS 8 operating system, and its purchase of Beats, which should increase its potential to grow its high margin Software and Services business. The firm keeps a Buy rating on Apple.
After Apple Inc.(NASDAQ:AAPL) announced several new initiatives yesterday, Oppenheimer thinks the company did a nice job of refreshing its ecosystem and keeping pace with Google’s (GOOG) Android ecosystem, but it thinks the news is neutral for Apple’s stock in the near-term. For now, the firm continues to expect Apple to deliver a normal fall hardware refresh. It keeps a Perform rating with a positive bias on the shares.
Analysts have a consensus price target of $648.67 on Apple Inc.(NASDAQ:AAPL) which indicates a 2.47% upside. The consensus rating of the stock is a BUY with a score of 2.60. There are currently 13 Hold ratings, 2 Sell ratings and 30 Buy ratings on the stock. A recent analyst action consisted of RBC boosting its price target to $675.
Google, Inc.(NASDAQ:GOOGL) is bringing its Chromebook computers to nine more countries, the company revealed in a poem on its Chrome blog. Among the nations that will get Chromebooks for the first time are the Philippines, Mexico, Chile, Belgium, Spain ,and Italy, the search giant reported.
Analysts have a consensus price target of $921 on Google, Inc.(NASDAQ:GOOGL) which indicates a 63% upside. The consensus rating of the stock is a BUY with a score of 2.80. There are currently 5 Hold Ratings and 20 Buy ratings on the stock. The most recent analyst action consisted of Argus reiterating their Buy rating and $675 price target on April 21st.