Citi Initiates Apple with Buy Rating Setting $365 Target Price
Citi analyst Asiya Merchant has initiated coverage on Apple Inc. (AAPL) with a buy rating and set a target price of $365. According to data from TipRanks, Merchant has a success rate of 76.7% in her recommendations, suggesting a strong confidence in her analysis. This move comes as Apple continues to dominate technology headlines, with developments spanning artificial intelligence, iPhones, wearable computing, and internal operations.
The analysis follows a week where Apple was a focal point in the tech sector, alongside other major players like Meta. The company's strategy and product innovations have been closely watched by investors and industry observers. Meanwhile, the broader stock market has seen mixed performance, with stock funds clinging to a 10.3% gain for 2026, according to the Wall Street Journal.
In other news, the AAPL 261005 295.00P stock option is currently trading with minimal activity. The option, expiring on October 5, 2026, has a strike price of $295.00 and an implied volatility of 11.60%. Despite the lack of recent trading volume, the option maintains a premium of $0.03, indicating some level of interest among traders.