Apple (NASDAQ:AAPL – Get Free Report) had its target price raised by equities research analysts at Rosenblatt Securities from $268.00 to $276.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the iPhone maker’s stock. Rosenblatt Securities’ target price indicates a potential upside of 1.71% from the stock’s previous close.
AAPL has been the topic of a number of other reports. Royal Bank Of Canada set a $325.00 price target on Apple in a research note on Monday, February 2nd. Maxim Group raised Apple from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Friday, January 30th. Scotiabank set a $330.00 price target on Apple in a research note on Monday, February 2nd. Monness Crespi & Hardt upped their price target on Apple from $315.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $303.20.
Read Our Latest Research Report on Apple
Apple Stock Up 0.4%
Apple (NASDAQ:AAPL – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.09. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. During the same period in the previous year, the business earned $1.65 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. Equities research analysts predict that Apple will post 8.52 earnings per share for the current year.
Insiders Place Their Bets
In other Apple news, SVP Deirdre O’brien sold 30,002 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the sale, the senior vice president directly owned 136,810 shares of the company’s stock, valued at approximately $34,934,433.50. The trade was a 17.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Timothy D. Cook sold 64,949 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total value of $16,511,984.27. Following the sale, the chief executive officer directly owned 3,280,418 shares of the company’s stock, valued at $833,980,668.14. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 96,485 shares of company stock valued at $24,594,845. Corporate insiders own 0.06% of the company’s stock.
Institutional Trading of Apple
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sellwood Investment Partners LLC grew its holdings in shares of Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after acquiring an additional 71 shares in the last quarter. Lifetime Wealth Management P.C. bought a new position in shares of Apple in the fourth quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC grew its holdings in shares of Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. Timmons Wealth Management LLC bought a new position in shares of Apple in the fourth quarter valued at approximately $69,000. Finally, LSV Asset Management bought a new position in shares of Apple in the fourth quarter valued at approximately $65,000. 67.73% of the stock is owned by institutional investors.
Trending Headlines about Apple
Here are the key news stories impacting Apple this week:
- Positive Sentiment: Quarterly beat and aggressive June‑quarter guide — Apple reported Q2 revenue of ~$111.2B and EPS of $2.01, both above estimates, and gave June‑quarter revenue guidance well above Street expectations; that combination is the primary driver of the rally. Reuters: Apple sales beat expectations
- Positive Sentiment: Stronger guidance fuels optimism — multiple outlets report Apple’s June‑quarter sales guidance implies mid‑teens growth, well above consensus, which lifted sentiment and option activity. Blockonomi: Stock surges on guidance
- Positive Sentiment: Capital returns and dividend bump — Apple announced an added $100B to buybacks and raised the quarterly dividend to $0.27, which supports EPS per share and shareholder-friendly narrative.
- Positive Sentiment: China rebound — Greater China revenue climbed strongly (reported ~28% YoY), removing a major growth overhang and prompting some analysts to re-rate the name. Invezz: China’s sales jumped
- Neutral Sentiment: CEO transition and management tone — Incoming CEO John Ternus joined the call and emphasized continuity (secrecy/trademark discipline); Wall Street reacted positively to the tone, but long‑term impact depends on execution. Fortune: New CEO will continue secrecy
- Neutral Sentiment: AI strategy still cautious — Management signaled a “wait‑and‑see” approach on big AI bets (personalized Siri referenced), which keeps optionality but leaves some investors wanting more detail on AI monetization timelines.
- Negative Sentiment: Memory‑chip cost squeeze — CEO Tim Cook warned of an intensifying memory crunch; rising component costs (and potential price or supply actions) could pressure margins and future profitability. CNBC: Tim Cook warns of memory crunch
- Negative Sentiment: Supply constraints — Management said demand outpaced supply in pockets (iPhone and Macs), which helped revenue but could cap near‑term unit growth and frustrate upside if shortages persist. Reuters: supply constraints noted
- Negative Sentiment: Regulatory/legal headlines — Ongoing friction with India’s competition authority adds geopolitical/regulatory risk that could affect growth or costs in a key market. Reuters: India antitrust spat
Apple Company Profile
Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.
Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.
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