Three Analysts Upgrade Apple Inc. Stock.

Apple (NASDAQ:AAPL) was upgraded by analysts at Loop Capital from a "hold" rating to a "buy" rating on Monday, The firm presently has a $131.00 price target on the iPhone maker's stock, up from their previous price target of $110.00. Loop Capital's price target would suggest a potential upside of 12.36% from the AAPL's Friday close. Shares of AAPL stock opened at $116.96 on Monday. 

Other equities analysts have also issued reports about the stock.

Needham & Company LLC reiterated a "buy" rating and set a $140.00 target price on shares of Apple.

Canaccord Genuity upped their target price on shares of Apple to $145.00 in a research note.

Apple has a 1 year low of $53.15 and a 1 year high of $137.98. The firm's daily 50-SMA is $116.68 and its 200-SMA is $104.45.

Apple Inc. has a market capitalization of $1,9 trillion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.51 and a beta of 1.36. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 1.51.

Apple Inc. last announced its earnings results on Tuesday, November 3rd. The iPhone maker reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.70 by $0.03.

Apple had a net margin of 20.91% and a return on equity of 75.15%. The company had revenue of $64.70 billion for the quarter, compared to analyst estimates of $63.33 billion. During the same period in the prior year, the business earned $3.03 earnings per share.

Apple's quarterly revenue was up 1.0% on a year-over-year basis. On average, equities research analysts forecast that Apple will post 4.01 earnings per share for the current fiscal year.