Apple (NASDAQ:AAPL - Get Free Report) had its target price increased by equities research analysts at Wedbush from $250.00 to $270.00 in a research report issued to clients and investors on Friday, Marketbeat reports. The brokerage presently has an "outperform" rating on the iPhone maker's stock. Wedbush's price objective suggests a potential upside of 35.53% from the company's current price. Wedbush also issued estimates for Apple's Q3 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.51 EPS, FY2025 earnings at $6.90 EPS, Q1 2026 earnings at $2.37 EPS, Q2 2026 earnings at $1.65 EPS, Q3 2026 earnings at $1.55 EPS and FY2026 earnings at $7.40 EPS.
A number of other brokerages have also weighed in on AAPL. Raymond James decreased their price objective on shares of Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Sanford C. Bernstein upped their target price on Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, January 3rd. Moffett Nathanson restated a "sell" rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Redburn Partners set a $230.00 target price on shares of Apple in a report on Friday, January 31st. Finally, China Renaissance assumed coverage on shares of Apple in a report on Tuesday, April 22nd. They set a "buy" rating and a $241.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apple presently has a consensus rating of "Hold" and an average price target of $235.80.
View Our Latest Stock Analysis on AAPL
Apple Price Performance
Apple stock traded up $0.34 during midday trading on Friday, reaching $199.23. 31,371,459 shares of the stock traded hands, compared to its average volume of 56,147,393. The stock's fifty day moving average is $211.32 and its 200-day moving average is $228.33. Apple has a 12 month low of $169.21 and a 12 month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market cap of $2.99 trillion, a P/E ratio of 31.62, a PEG ratio of 2.44 and a beta of 1.27.
Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. The firm had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 EPS. As a group, equities research analysts anticipate that Apple will post 7.28 EPS for the current year.
Apple declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 1st that permits the company to buyback $100.00 billion in shares. This buyback authorization permits the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.
Insider Transactions at Apple
In other news, CFO Kevan Parekh sold 4,570 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the completion of the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at $941,214. This trade represents a 50.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. This represents a 3.19 % 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 valued at $41,760,140. Corporate insiders own 0.06% of the company's stock.
Institutional Trading of Apple
Hedge funds have recently modified their holdings of the business. Amara Financial LLC. purchased a new position in shares of Apple during the 3rd quarter valued at $288,000. Silicon Valley Capital Partners raised its holdings in shares of Apple by 12.8% during the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after purchasing an additional 28,799 shares in the last quarter. Vestcor Inc lifted its stake in shares of Apple by 10.1% in the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock valued at $87,501,000 after purchasing an additional 34,414 shares during the last quarter. 5th Street Advisors LLC boosted its holdings in Apple by 32.9% in the third quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock worth $3,518,000 after purchasing an additional 3,736 shares in the last quarter. Finally, Simmons Bank increased its holdings in shares of Apple by 1.6% during the 3rd quarter. Simmons Bank now owns 132,641 shares of the iPhone maker's stock valued at $30,905,000 after acquiring an additional 2,086 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.
About Apple
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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.
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