Shares of Apple AAPL have broken above the $275 level during Thursday's trading session. AAPL has made a dramatic move higher from around the $240 level in just a matter of a couple of weeks. It has been nearly a straight shot up. The stock has broken out of its summer range and may be preparing for a run to $300 in short order.
The median Wall Street price target for AAPL is $345 with a high target of $400. The shares appear to still be trading at a reasonable valuation. AAPL currently trades at a trailing P/E of 20.77, a forward P/E of just 15.72, and a PEG ratio of 0.96.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in