Apple's (AAPL) "Neutral" Rating Reaffirmed at Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed Apple at "Neutral" and kept a $276 price target, which implies about 8.47% downside from the prior close.
• Other analysts remain mostly positive on Apple, with firms like UBS and Sanford C. Bernstein reiterating bullish ratings, while the broader consensus stands at "Moderate Buy" with a $312.68 target.
• Apple recently beat quarterly expectations, reporting $2.01 EPS on $111.18 billion in revenue, and the stock was trading near $301.54 amid strong institutional ownership and notable insider selling.

Apple (NASDAQ:AAPL - Get Free Report)'s stock had its "neutral" rating reissued by Rosenblatt Securities in a research report issued on Tuesday,Benzinga reports. They presently have a $276.00 price target on the iPhone maker's stock. Rosenblatt Securities' target price would indicate a potential downside of 8.47% from the stock's previous close.

A number of other analysts have also weighed in on AAPL. UBS Group reaffirmed a "buy" rating on shares of Apple in a report on Tuesday. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a report on Monday. Morgan Stanley set a $325.00 target price on shares of Apple in a report on Tuesday. Moffett Nathanson upped their target price on shares of Apple from $241.00 to $270.00 and gave the stock a "neutral" rating in a report on Wednesday, February 25th. Finally, Monness Crespi & Hardt upped their target price on shares of Apple from $315.00 to $335.00 and gave the stock a "buy" rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $312.68.

Apple Stock Performance

Shares of AAPL stock opened at $301.54 on Tuesday. The stock has a market capitalization of $4.43 trillion, a P/E ratio of 36.46, a PEG ratio of 2.68 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The firm's 50 day moving average is $282.36 and its 200 day moving average is $271.63. Apple has a 12 month low of $195.07 and a 12 month high of $317.40.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion for the quarter, compared to analysts' expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple's revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 EPS. On average, sell-side analysts anticipate that Apple will post 8.74 earnings per share for the current year.

Insider Activity at Apple

In other news, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the transaction, the chief financial officer owned 13,366 shares of the company's stock, valued at $3,675,650. This represents a 10.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ben Borders sold 1,274 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at $11,226,770. The trade was a 3.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 97,759 shares of company stock worth $24,964,305 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Apple

Several institutional investors and hedge funds have recently made changes to their positions in AAPL. First National Bank of Hutchinson grew its holdings in shares of Apple by 24.6% during the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock valued at $8,845,000 after purchasing an additional 6,982 shares during the last quarter. Eagle Capital Management LLC boosted its position in Apple by 0.5% during the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock valued at $13,544,000 after buying an additional 272 shares during the period. Brighton Jones LLC boosted its position in Apple by 14.8% during the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock valued at $134,554,000 after buying an additional 69,207 shares during the period. Revolve Wealth Partners LLC boosted its position in Apple by 4.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock valued at $16,742,000 after buying an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE boosted its position in Apple by 2.4% during the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker's stock valued at $12,587,000 after buying an additional 1,155 shares during the period. 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 unveiled a major Siri AI overhaul, plus broader Apple Intelligence upgrades across iPhone, iPad, Mac, Watch, and Vision Pro, which could deepen ecosystem engagement and support future monetization. WWDC26: Apple unveils next generation of Apple Intelligence, Siri AI, powerful parental controls, and an expansive set of software improvements
• Positive Sentiment: Morgan Stanley reiterated a Buy rating and raised its price target to $360, citing improving AI monetization prospects. Erik Woodring Reiterates Buy on Apple, Lifts Price Target to $360 on Strengthening AI Monetization Outlook
• Positive Sentiment: Wedbush also stayed bullish after WWDC, saying Apple’s AI strategy could unlock meaningful upside and reiterating an Outperform view with a $400 target. AI Could Add $75-$100 to Apple Stock (AAPL), Says Top Wedbush Analyst after WWDC Event
• Neutral Sentiment: Apple said its most advanced Siri AI features will rely on Google’s Gemini models and NVIDIA infrastructure, reinforcing that Apple is outsourcing key AI compute while it develops its own stack. Apple's Biggest AI Bet Yet Runs On NVIDIA, Not Its Own Chips
• Negative Sentiment: Investors were disappointed that Siri AI does not have a firm rollout timeline and is delayed in key regions such as the EU, with regulators and interoperability issues clouding the launch. Apple failed to make its AI tool to comply to EU regulations, EU Commission says
• Negative Sentiment: The stock also fell because the market viewed WWDC as proof Apple is still catching up in AI rather than delivering a decisive leap ahead of rivals. Saving Siri: After two years of stumbles, is Apple's AI moment here?

About Apple

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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