Apple (NASDAQ:AAPL) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Key Points

• Rosenblatt Securities raised Apple’s price target from $300 to $303 while maintaining a “neutral” rating, implying 4.37% downside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $330.61, although recommendations range from Strong Buy to Sell.
• Apple’s latest quarter exceeded expectations, reporting $2.02 in adjusted EPS and $109.42 billion in revenue, with revenue rising 16.4% year over year.

Apple (NASDAQ:AAPL - Get Free Report) had its price target increased by equities researchers at Rosenblatt Securities from $300.00 to $303.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the iPhone maker's stock. Rosenblatt Securities' price objective would suggest a potential downside of 4.37% from the stock's previous close.

AAPL has been the subject of a number of other reports. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 3rd. China Renaissance cut Apple from a "buy" rating to a "hold" rating and set a $280.00 price objective for the company. in a research note on Tuesday, August 4th. TD Cowen boosted their price objective on Apple from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft lowered Apple from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Finally, Royal Bank Of Canada set a $365.00 price target on shares of Apple in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $330.61.

Apple Stock Performance

Shares of AAPL stock opened at $316.85 on Tuesday. The firm has a 50 day moving average of $312.63 and a 200-day moving average of $288.83. The company has a market cap of $4.62 trillion, a price-to-earnings ratio of 36.34, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66. Apple has a 52 week low of $225.95 and a 52 week high of $344.57.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted $1.57 earnings per share. On average, equities analysts forecast that Apple will post 8.76 earnings per share for the current year.

Insider Transactions at Apple

In related news, insider Ben Borders sold 116 shares of the firm's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares in the company, valued at approximately $11,425,754.82. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $310.95, for a total transaction of $447,457.05. Following the completion of the sale, the senior vice president directly owned 37,229 shares in the company, valued at $11,576,357.55. This trade represents a 3.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,433 shares of company stock worth $1,367,024 over the last three months. 0.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Apple

Several institutional investors have recently added to or reduced their stakes in the business. Rainier Family Wealth Inc. grew its holdings in shares of Apple by 14.1% during the 1st quarter. Rainier Family Wealth Inc. now owns 24,386 shares of the iPhone maker's stock worth $6,189,000 after acquiring an additional 3,014 shares during the period. Eaton Cambridge Inc. increased its stake in shares of Apple by 21.3% in the 1st quarter. Eaton Cambridge Inc. now owns 13,968 shares of the iPhone maker's stock worth $3,545,000 after acquiring an additional 2,450 shares in the last quarter. Torren Management LLC purchased a new position in Apple during the 4th quarter valued at about $1,178,000. Summit Wealth Partners LLC boosted its stake in Apple by 108.3% during the first quarter. Summit Wealth Partners LLC now owns 34,989 shares of the iPhone maker's stock worth $8,880,000 after acquiring an additional 18,188 shares in the last quarter. Finally, Adventist Health System Sunbelt Healthcare Corp bought a new stake in Apple during the fourth quarter worth about $105,482,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Bank of America reiterated its Buy rating and set a $380 price target, arguing that Ternus could strengthen Apple’s device ecosystem and establish a leading role in the AI era. BofA sees device dominance ahead for Apple
• Positive Sentiment: Apple is expected to unveil its next iPhone lineup at a September 9 event, with speculation surrounding a foldable model and stronger AI capabilities. A successful launch could provide a near-term catalyst for revenue and upgrade demand. Apple September 9 iPhone event
• Neutral Sentiment: John Ternus formally succeeds Tim Cook, who becomes executive chair. Cook’s continued involvement may provide stability, but investors are focused on whether Ternus can replicate Cook’s long-term growth record after Apple’s stock gained more than 2,200% during Cook’s tenure. Cook hands Apple to Ternus
• Negative Sentiment: Apple is viewed as trailing major technology rivals in AI, with its strategy relying heavily on outside partners. Ternus’s first major test is delivering a credible AI roadmap and finding the company’s next major growth engine beyond the iPhone. Apple enters the Ternus era
• Negative Sentiment: A global memory shortage is driving sharply higher component costs and reportedly prompting price increases for Macs and iPads. The pressure could weigh on Apple’s gross margins, with investors warned that the supply-cost problem may persist. Memory shortages and Apple margins
• Negative Sentiment: Apple’s trade-secret lawsuit against OpenAI is escalating. OpenAI denies wrongdoing and says Apple has not shown that confidential information was stolen, creating legal uncertainty and additional reputational risk. OpenAI responds to Apple trade-secret lawsuit

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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