Rosenblatt Securities Issues Positive Forecast for Apple (NASDAQ:AAPL) Stock Price

Apple (NASDAQ:AAPL) had its price objective upped by investment analysts at Rosenblatt Securities from $300.00 to $303.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the iPhone maker’s stock. Rosenblatt Securities’ price objective suggests a potential downside of 4.37% from the stock’s current price.

A number of other research firms also recently issued reports on AAPL. Bank of America reissued a “buy” rating and issued a $380.00 price objective on shares of Apple in a report on Thursday, June 18th. Weiss Ratings raised shares of Apple from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 3rd. Tigress Financial reiterated a “strong-buy” rating and issued a $375.00 price target (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. The Goldman Sachs Group began coverage on shares of Apple in a research note on Monday, August 17th. They set a “buy” rating on the stock. Finally, Morgan Stanley cut their price objective on shares of Apple from $364.00 to $360.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $330.61.

Apple Stock Down 0.9%

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

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to analysts’ expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%.The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $1.57 earnings per share. As a group, sell-side analysts predict that Apple will post 8.76 EPS for the current year.

Insider Buying and Selling at Apple

In related news, SVP Jennifer Newstead sold 1,439 shares of Apple stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $310.95, for a total transaction of $447,457.05. Following the transaction, the senior vice president owned 37,229 shares in the company, valued at approximately $11,576,357.55. The trade was a 3.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ben Borders sold 116 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider directly owned 38,713 shares of the company’s stock, valued at $11,425,754.82. This represents a 0.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 4,433 shares of company stock worth $1,367,024 over the last 90 days. Insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Apple

Hedge funds have recently made changes to their positions in the business. Sterling Wealth Management Inc. grew its holdings in Apple by 0.3% during the 2nd quarter. Sterling Wealth Management Inc. now owns 11,579 shares of the iPhone maker’s stock valued at $3,351,000 after buying an additional 30 shares in the last quarter. Evansbrook LLC raised its position in shares of Apple by 0.4% during the first quarter. Evansbrook LLC now owns 8,095 shares of the iPhone maker’s stock valued at $2,054,000 after buying an additional 34 shares during the last quarter. JMG Financial Group Ltd. lifted its holdings in shares of Apple by 0.7% in the first quarter. JMG Financial Group Ltd. now owns 5,102 shares of the iPhone maker’s stock worth $1,295,000 after buying an additional 35 shares in the last quarter. Reyes Financial Architecture Inc. boosted its position in shares of Apple by 0.4% during the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock worth $2,520,000 after acquiring an additional 37 shares during the last quarter. Finally, Advocate Investing Services LLC boosted its position in shares of Apple by 0.5% during the second quarter. Advocate Investing Services LLC now owns 7,847 shares of the iPhone maker’s stock worth $2,271,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple News Roundup

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

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.