According to a Bloomberg report, Apple Inc.(NASDAQ:AAPL) is planning to unveil a song-discovery feature in an update of its iOS mobile software that will let users identify a song and its artist using an iPhone or iPad, said two people with knowledge of the product, who asked not to be identified because the feature isn’t public.
Analysts have a consensus price target of $593 on Apple Inc.(NASDAQ:AAPL) which indicates a 14% upside. The consensus rating of the stock is a BUY with a score of 2.71. There are currently 9 Hold ratings, 2 Sell ratings and 30 Buy ratings on the stock.
A recent analyst action consisted of Deutsche Bank initiating coverage of the stock with a Buy rating and $650 price target.
AAPL has a 50 day moving average of $530 and a 200 day moving average of $530 as well. The company has a p/e ratio of 12.9 and a p/e growth ratio of .64. Apple’s current market cap stands at $468.2B and the current quarter EPS consensus estimate of the stock is $42.64.
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