Apple (NASDAQ:AAPL) Given New $400.00 Price Target at Argus

Key Points

• Argus raised Apple’s price target from $375 to $400 and maintained a “buy” rating, implying approximately 18.2% upside. Analysts overall rate Apple “Moderate Buy,” with a consensus target of $342.76.
• Apple reported quarterly earnings of $2.10 per share and revenue of $114.48 billion, exceeding estimates; revenue rose 11.7% year over year.
• Shares traded down 1.8% despite strong results, as investors weighed elevated valuation, expected services growth moderation, and rising memory costs that could pressure margins and limit Mac and iPad supply.

Apple (NASDAQ:AAPL - Get Free Report) had its price objective increased by analysts at Argus from $375.00 to $400.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the iPhone maker's stock. Argus's price objective indicates a potential upside of 18.23% from the stock's current price.

Several other research analysts have also recently issued reports on AAPL. Evercore reaffirmed an "outperform" rating on shares of Apple in a research report on Tuesday, October 27th. BTIG Research began coverage on Apple in a research report on Monday, August 17th. They issued a "neutral" rating for the company. DZ Bank cut Apple from a "buy" rating to a "hold" rating and set a $310.00 price objective on the stock. in a research note on Tuesday, August 4th. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a report on Tuesday. Finally, Rothschild & Co Redburn set a $400.00 target price on shares of Apple and gave the stock a "buy" rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $342.76.

Apple Trading Down 1.8%

NASDAQ:AAPL opened at $338.32 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. Apple has a one year low of $243.42 and a one year high of $351.73. The company has a market cap of $4.94 trillion, a PE ratio of 38.80, a PEG ratio of 2.72 and a beta of 1.07. The firm has a 50-day moving average of $333.62 and a 200-day moving average of $296.77.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion for the quarter, compared to analysts' expectations of $113.40 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 EPS. As a group, equities research analysts expect that Apple will post 8.75 EPS for the current fiscal year.

Insider Buying and Selling at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of Apple stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $343.36, for a total value of $823,720.64. Following the sale, the senior vice president owned 32,396 shares of the company's stock, valued at approximately $11,123,490.56. The trade was a 6.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevan Parekh sold 1,392 shares of the business's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $345.05, for a total transaction of $480,309.60. Following the completion of the transaction, the chief financial officer owned 17,539 shares in the company, valued at approximately $6,051,831.95. The trade was a 7.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 289,252 shares of company stock valued at $96,301,063 in the last three months. 0.06% of the stock is owned by corporate insiders.

Institutional Trading of Apple

Several hedge funds have recently made changes to their positions in AAPL. Prospect Hill Management LLC acquired a new stake in shares of Apple in the 2nd quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC bought a new position in Apple in the second quarter valued at about $168,646,000. Wealthfront Advisers LLC bought a new position in Apple in the second quarter valued at about $482,388,000. Satovsky Asset Management LLC acquired a new stake in Apple in the second quarter worth about $16,064,000. Finally, Gouws Capital LLC increased its position in Apple by 136.9% in the third quarter. Gouws Capital LLC now owns 37,504 shares of the iPhone maker's stock worth $12,490,000 after purchasing an additional 21,676 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat expectations with fiscal fourth-quarter revenue of $114.48 billion and earnings of $2.10 per share, supported by strong iPhone 18 Pro and Mac demand. Revenue increased 11.7% year over year, while the active installed base reached a record. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Apple’s fiscal first-quarter revenue outlook of $153.8 billion to $158.1 billion exceeded the roughly $152.6 billion analyst consensus, suggesting holiday demand remains solid despite supply constraints. Several analysts maintained Buy ratings, citing resilient iPhone demand and potential AI-driven growth. Apple Buy rating reaffirmed at $370 target
• Neutral Sentiment: Apple declared a quarterly dividend of $0.27 per share, equivalent to a 0.3% yield. The company is also considering paid access to expanded, server-side Siri capabilities, which could eventually create a new services revenue stream but may increase near-term AI infrastructure costs. Apple forecasts slower services growth as AI costs rise
• Negative Sentiment: Management warned that “unprecedented” memory-price increases will pressure gross margins and could constrain Mac and iPad supply through the December quarter. Investors are particularly concerned because Apple’s valuation is elevated, with a reported P/E near 39, leaving little room for disappointing guidance. Apple’s John Ternus faces early test as global memory crisis hurts profits
• Negative Sentiment: Services growth is expected to slow, China revenue and iPad sales underperformed expectations, and part of the quarterly earnings benefit came from a $731 million tariff refund. Analysts remain divided: JPMorgan trimmed its target to $355, while Rosenblatt retained a Neutral rating with a $303 target. What analysts are saying as Apple’s stock falls after earnings

Apple Company Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

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