Analysts Weigh in on Apple and Micron with New Ratings

Analysts have been weighing in on Technology sector stocks, with recent ratings issued for Apple (AAPL) and Micron (MU). Ingo Wermann of DZ BANK AG downgraded Apple to a Hold rating today. The company's shares closed last Monday at $305.22. This analyst has a 4-star rating and an average return of 10.6% with a success rate of 66.0%. He covers stocks such as Advanced Micro Devices, Qualcomm, and Nvidia.

The consensus on Apple is currently a Moderate Buy with an average price target of $334.07, representing a 7.9% upside from current levels. This follows TipRanks, Anthropic's downgrade to Hold with a $334.00 price target on August 1.

Vivek Arya from Bank of America Securities maintained a Buy rating on Micron in a report released today. The company's shares closed last Monday at $816.37. Arya has a 5-star rating and an average return of 24.0% with a success rate of 58.9%. He focuses on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices.

The consensus on Micron is a Strong Buy with an average price target of $1570.00, representing a 99.7% upside from current levels. This follows TipRanks, PerPlexity's reiteration of a Buy rating with a $989.00 price target on July 19.