Apple (NASDAQ:AAPL - Get Free Report) had its target price boosted by Wedbush from $250.00 to $270.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the iPhone maker's stock. Wedbush's price target would indicate a potential upside of 31.48% 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 equities analysts have also weighed in on AAPL. Rosenblatt Securities lowered shares of Apple from a "buy" rating to a "neutral" rating and set a $217.00 target price for the company. in a research note on Friday. Argus raised Apple to a "strong-buy" rating in a research report on Friday, January 31st. Jefferies Financial Group restated an "underperform" rating and set a $170.62 target price (up previously from $167.88) on shares of Apple in a research report on Friday. Evercore ISI raised their price target on Apple from $260.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. Finally, Maxim Group upped their target price on Apple to $215.00 and gave the stock a "hold" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.17.
Read Our Latest Research Report on AAPL
Apple Price Performance
Apple stock traded down $7.97 on Friday, reaching $205.35. The company's stock had a trading volume of 100,891,435 shares, compared to its average volume of 56,192,627. The business's fifty day moving average price is $212.15 and its 200 day moving average price is $228.61. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a market cap of $3.08 trillion, a price-to-earnings ratio of 32.60, a PEG ratio of 2.44 and a beta of 1.26. Apple has a twelve month low of $169.21 and a twelve month high of $260.10.
Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 160.83%. The company had revenue of $95.36 billion for the quarter, compared to the consensus estimate of $94.04 billion. During the same period in the prior year, the company posted $1.53 EPS. The company's revenue was up 5.1% compared to the same quarter last year. Equities analysts expect that Apple will post 7.28 earnings per share for the current fiscal year.
Apple announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.
Insider Buying and Selling at Apple
In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. This represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were 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 owns 4,569 shares of the company's stock, valued at $941,214. This trade represents a 50.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 187,021 shares of company stock valued at $41,760,140. 0.06% of the stock is owned by insiders.
Hedge Funds Weigh In On Apple
Several hedge funds have recently bought and sold shares of the company. Amara Financial LLC. purchased a new position in shares of Apple in the 3rd quarter valued at about $288,000. Silicon Valley Capital Partners increased its stake in Apple by 12.8% in the third 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 during the last quarter. Vestcor Inc lifted its position in shares of Apple by 10.1% during the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock worth $87,501,000 after buying an additional 34,414 shares during the last quarter. 5th Street Advisors LLC boosted its holdings in shares of Apple by 32.9% in the 3rd quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock valued at $3,518,000 after buying an additional 3,736 shares in the last quarter. Finally, Simmons Bank grew its position in shares of Apple by 1.6% in the 3rd quarter. Simmons Bank now owns 132,641 shares of the iPhone maker's stock valued at $30,905,000 after buying an additional 2,086 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.
Apple Company Profile
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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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