A Barclays analyst just upgraded Apple inc. (AAPL) stock. The analyst envisions a potential 13% upside for AAPL shares.
Apple inc. (NASDAQ: AAPL) has faced a challenging market environment in 2022 so far. However, a fresh upgrade from one Barclays analyst is spurring traders to send AAPL stock higher today.
Could analysts envision 13.81% upside for the stock? Well, Barclays analysts did just upgrade Apple inc. from “market perform” to “overweight.” In the world of finance, being “overweight” is great for one's financial health.
This upgrade couldn't have come at a better time for Apple inc. as its investors have endured recent hardships. AAPL stock has been heading on a downwards trend over the past year and has fallen from a 52-week high $182.44 to $150.17.
However, there is some good that has come from AAPL's poor recent performance. AAPL's recent adversity has resulted in a great opportunity for investors, as their financial ratios are more attractive now than they have previously been. These attractive ratios could have been an influencing factor in Barclays's decision to upgrade its outlook on the AAPL stock.
Barclays is foreseeing a “better risk/reward ratio” for the AAPL stock now than they have previously. With that being said, Barclays raised its price target to $166, as they expect Apple inc.'s market share to continue increasing.
If Barclays's predictions pan out it could mean more than just a 13.81% upside, as it could encourage further growth in AAPL stock.
Here are the latest analytics from the AAPL Stocktwits and AAPL Twitter communities (over the last 24hrs):
As we can see, the recent Barclays analyst upgrade had a different effect on the social sentiment within both the AAPL Stocktwits and AAPL Twitter communities.
We can see that investors are still extremely bullish on Apple, even though the stock has faced some recent headwinds. Apple still has a strong cult-like following, and this is evident from social media, as well as backing from large institutions.
Lastly, you may have noticed that the AAPL Twitter community is able to garner way more impressions than the AAPL Stocktwits community despite having relatively similar posting volumes. This is due to the fact that there are more large Twitter accounts posting about the AAPL stock on Twitter than there are in the AAPL Stocktwits forum. We will explore this topic further in the next section.
Here is a count of “whale” accounts that are active on AAPL Twitter (over the past 72 hrs):
There are a significant number of Twitter accounts that tweet about Apple, and this exposure is great for the company and stock.
Whether you are trying to stay up-to-date on posting volumes, likes, and/or impressions within a stock's Stocktwits and/or Twitter communities; diving deeper into the “whale” accounts that are driving sentiment in the AAPL Stocktwits and/or Twitter communities, or just keeping up with how different stocks are ranking in terms of their social sentiment; there is no better time to get familiar with social sentiment data.
Jul 07 2022 (Thu)