Apple (NASDAQ:AAPL) Price Target Raised to $250.00

Apple (NASDAQ:AAPL - Get Free Report) had its price objective increased by investment analysts at DA Davidson from $230.00 to $250.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the iPhone maker's stock. DA Davidson's target price would suggest a potential upside of 21.74% from the company's current price. DA Davidson also issued estimates for Apple's Q3 2025 earnings at $1.39 EPS, FY2025 earnings at $7.13 EPS and FY2026 earnings at $7.86 EPS.

Several other equities analysts have also issued reports on AAPL. Barclays cut their price objective on shares of Apple from $197.00 to $173.00 and set an "underweight" rating on the stock in a report on Wednesday. Sanford C. Bernstein boosted their price target on Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Wedbush dropped their price objective on Apple from $325.00 to $250.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. reduced their target price on shares of Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group lowered their price target on shares of Apple from $259.00 to $256.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $235.17.

Apple Trading Down 3.7 %

Shares of AAPL traded down $7.97 during mid-day trading on Friday, reaching $205.35. 100,891,435 shares of the company's stock traded hands, compared to its average volume of 56,192,627. Apple has a 12 month low of $169.21 and a 12 month high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a market cap of $3.08 trillion, a P/E ratio of 32.60, a P/E/G ratio of 2.44 and a beta of 1.26. The stock's 50-day moving average is $212.15 and its two-hundred day moving average is $228.61.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.03. The company had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 EPS. Research analysts forecast that Apple will post 7.28 earnings per share for the current fiscal year.

Apple declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 1st that authorizes the company to buyback $100.00 billion in shares. This buyback authorization authorizes the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer now owns 4,569 shares in the company, valued at approximately $941,214. This represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,021 shares of company stock worth $41,760,140. Corporate insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Apple by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker's stock worth $349,532,608,000 after purchasing an additional 49,168,843 shares in the last quarter. State Street Corp increased its stake in Apple by 10.6% during the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker's stock worth $136,074,372,000 after buying an additional 55,935,105 shares in the last quarter. FMR LLC raised its holdings in shares of Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker's stock valued at $84,779,231,000 after acquiring an additional 18,224,005 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Apple by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker's stock valued at $84,999,145,000 after acquiring an additional 6,307,413 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Apple in the fourth quarter worth approximately $46,868,648,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.