Apple (NASDAQ:AAPL) Price Target Raised to $295.00

Key Points

• DA Davidson raised Apple’s price target from $270 to $295 while maintaining a “neutral” rating; the new target implies 12.8% downside from the prior close.
• Apple reported a strong quarter, with $114.48 billion in revenue and $2.10 in EPS, beating estimates and delivering 11.7% year-over-year revenue growth.
• Despite the earnings beat and a consensus “Moderate Buy” rating with a $342.02 target, investors face risks from higher memory costs, supply constraints, slower services growth and AI-related expenses.

Apple (NASDAQ:AAPL - Get Free Report) had its price objective boosted by analysts at DA Davidson from $270.00 to $295.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the iPhone maker's stock. DA Davidson's target price indicates a potential downside of 12.80% from the company's previous close.

AAPL has been the subject of several other research reports. Seaport Research Partners downgraded Apple from a "buy" rating to a "neutral" rating in a research note on Monday, August 17th. Rothschild & Co Redburn set a $400.00 price objective on shares of Apple and gave the company a "buy" rating in a research note on Monday, August 17th. Citigroup reissued a "buy" rating on shares of Apple in a research note on Thursday, September 10th. Morgan Stanley set a $350.00 target price on shares of Apple and gave the company an "overweight" rating in a report on Tuesday. Finally, Bank of America restated a "buy" rating and set a $370.00 target price on shares of Apple in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $342.02.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $338.32 on Tuesday. The firm has a market capitalization of $4.94 trillion, a price-to-earnings ratio of 38.80, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The business's 50 day simple moving average is $333.62 and its 200-day simple moving average is $296.77. Apple has a 12 month low of $243.42 and a 12 month high of $351.73.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. Apple's quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $1.85 EPS. As a group, equities analysts forecast that Apple will post 8.75 earnings per share for the current fiscal year.

Insider Activity

In other Apple news, SVP Deirdre O'brien sold 46,389 shares of Apple stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the sale, the senior vice president directly owned 136,810 shares of the company's stock, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO John Ternus sold 25,412 shares of the business's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total value of $8,460,671.28. Following the completion of the transaction, the chief executive officer owned 59,567 shares of the company's stock, valued at $19,832,236.98. This trade represents a 29.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 289,252 shares of company stock worth $96,301,063. Corporate insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Apple

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Destiny Capital Corp CO lifted its stake in shares of Apple by 66.8% in the 3rd quarter. Destiny Capital Corp CO now owns 2,804 shares of the iPhone maker's stock valued at $934,000 after purchasing an additional 1,123 shares in the last quarter. United Advisor Group LLC raised its holdings in Apple by 1.5% in the third quarter. United Advisor Group LLC now owns 89,381 shares of the iPhone maker's stock valued at $29,766,000 after buying an additional 1,289 shares during the period. OPTIMAS CAPITAL Ltd acquired a new position in Apple during the third quarter valued at approximately $1,905,000. Prudent Man Investment Management Inc. lifted its position in Apple by 2.7% during the third quarter. Prudent Man Investment Management Inc. now owns 14,666 shares of the iPhone maker's stock valued at $4,884,000 after buying an additional 380 shares in the last quarter. Finally, Plancorp LLC lifted its position in Apple by 9.6% during the third quarter. Plancorp LLC now owns 124,667 shares of the iPhone maker's stock valued at $42,964,000 after buying an additional 10,956 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported fiscal Q4 revenue of $114.48 billion and earnings of $2.10 per share, exceeding Wall Street estimates of approximately $113.4 billion and $1.99, respectively. Revenue increased 11.7% year over year. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Strong demand for the iPhone 18 Pro lineup and higher prices drove iPhone revenue, while Mac sales also surged. Apple said its active installed base reached an all-time high, supporting the long-term ecosystem outlook. Apple posts record September quarter under new CEO
• Positive Sentiment: Some analysts remain bullish, arguing that memory-cost challenges are manageable and that Apple could benefit from an AI-driven Mac upgrade cycle, education demand and new lower-priced Mac products. Citi maintained a Buy rating with a $365 price target. Apple strong September quarter and growth catalysts
• Neutral Sentiment: The results were John Ternus’s first earnings report as CEO. His early performance was viewed positively, but investors are seeking more clarity on Apple’s AI strategy, Siri and potential paid AI services. Apple CEO John Ternus faces investor questions
• Negative Sentiment: Management warned that “unprecedented” memory-chip inflation will pressure gross margins and that supply constraints for Macs and iPads could persist through the December quarter. Higher memory costs fuel Apple margin concerns
• Negative Sentiment: Holiday-quarter guidance disappointed investors because services growth is expected to slow while Apple absorbs higher AI-related cloud costs. China revenue, iPad sales and some other product categories also lagged expectations. Analysts assess Apple after earnings
• Negative Sentiment: A tariff refund contributed roughly one percentage point to gross margin and $0.05 to earnings per share, raising concerns about the quality and sustainability of part of the quarterly beat. Apple reports fourth-quarter results

About Apple

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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