Maxim Group Reiterated Apple Inc. (NASDAQ:AAPL) As ‘Buy’

Just two quarters after Apple published the strongest set of quarterly results in corporate history, Apple shares have fallen by over 20% from early 2016 highs.

On the company’s financial health, AT&T reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on April 26, 2016.

Apple expects it to be between 37.5% and 38%. Cortland Associates Inc. MO now owns 3,994 shares of the iPhone maker’s stock valued at $435,000 after buying an additional 141 shares during the period.

Gene Munster, an analyst with Piper Jaffray, expects Apple to announce sales of 41 million iPhones in the quarter.

Other Hedge Funds, Including, Capital Investment Advisors boosted its stake in AAPL in the latest quarter, The investment management firm added 1,477 additional shares and now holds a total of 60,087 shares of Apple which is valued at $5,928,183. Apple likely will talk about how expensive investments in research and development drive this lower. The company’s revenue was down -12.8 % compared to the same quarter previous year.

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Several executives took part in recent insider activity for the stock.

Following Maxim Group’s latest price target of 168 on the business this highlights that the broker now believes there is an increase of 70.87% from Apple Inc.’s current share price of 98.32. Moreover one week ago on 07/11/16 the company’s price target was revised at $124.96 with 52 week price target range of $185.00 – $82.00. Company shares were Reiterated by Barclays on Jul 15, 2016 to “Overweight”, Firm has raised the Price Target to $ 45 from a previous price target of $42. And roundups of analyst notes show that 22 are rating the stock a buy while 17 rate AAPL a strong buy.

However, there is still something that could give the company, along with Apple stock, a brighter outlook.

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On Monday, Apple stock, which represents a significant portion of the value of the S&P 500, fell 1.34% to $97.34. The average price target stands at $146.71, marking a 21% upside from where shares last closed. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

And an earnings miss could knock as much as 7% to 8% off the Apple stock price. Following the transaction, the Senior Vice President is left with a stake of 95,042 shares, now valued at $9376844.

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.