Apple’s (AAPL) “Buy” Rating Reiterated at TD Cowen

Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reiterated by equities researchers at TD Cowen in a report released on Thursday, Benzinga reports. They currently have a $400.00 price objective on the iPhone maker’s stock. TD Cowen’s price target would suggest a potential upside of 25.19% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. DZ Bank cut shares of Apple from a “buy” rating to a “hold” rating and set a $310.00 price objective for the company. in a report on Tuesday, August 4th. Citigroup reaffirmed a “buy” rating on shares of Apple in a report on Thursday. DA Davidson reiterated a “neutral” rating and issued a $270.00 target price on shares of Apple in a report on Wednesday, September 2nd. UBS Group reaffirmed a “neutral” rating on shares of Apple in a research report on Friday, July 31st. Finally, Oppenheimer restated a “market perform” rating on shares of Apple in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.26.

Apple Price Performance

Apple stock opened at $319.50 on Thursday. The stock has a 50-day moving average price of $317.37 and a two-hundred day moving average price of $291.73. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. Apple has a 12 month low of $226.65 and a 12 month high of $344.57. The company has a market capitalization of $4.66 trillion, a PE ratio of 36.37, a P/E/G ratio of 2.74 and a beta of 1.08.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating 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 firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. Analysts expect that Apple will post 8.74 EPS for the current year.

Insider Activity

In other news, insider Ben Borders sold 116 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $295.14, for a total value of $34,236.24. Following the completion of the sale, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 1,439 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $317.01, for a total transaction of $456,177.39. Following the transaction, the senior vice president directly owned 35,790 shares in the company, valued at approximately $11,345,787.90. This represents a 3.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,872 shares of company stock worth $1,823,201 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Apple

Hedge funds and other institutional investors have recently modified their holdings of the company. First National Bank of Hutchinson grew its position in shares of Apple by 24.6% in the 4th quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after buying an additional 6,982 shares during the last quarter. Eagle Capital Management LLC boosted its holdings in Apple by 0.5% in the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock valued at $13,544,000 after acquiring an additional 272 shares in the last quarter. Brighton Jones LLC increased 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 purchasing an additional 69,207 shares during the period. Revolve Wealth Partners LLC raised its stake in Apple by 4.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock worth $16,742,000 after buying an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE grew its holdings in shares of Apple by 2.4% during the 4th quarter. Highview Capital Management LLC DE now owns 50,264 shares of the iPhone maker’s stock worth $12,587,000 after acquiring an additional 1,155 shares during the period. 67.73% of the stock is owned by institutional investors.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple unveiled the $1,999 iPhone Duo, its first foldable smartphone, alongside the iPhone 18 Pro lineup. Analysts including Gene Munster believe the device could restore Apple’s product-design momentum and generate substantial demand. Gene Munster Says Apple Regained Device Design Mojo
• Positive Sentiment: The foldable launch could trigger a significant multi-year iPhone upgrade cycle, while the higher price points may increase revenue per device if consumers accept them. Citi maintained its Buy rating and $365 price target, citing the foldable iPhone, premium pricing and improved Siri AI. Citi Reiterates Buy Rating and $365 Target
• Positive Sentiment: Apple also introduced the iPhone 18 Pro with a new A20 Pro chip, camera upgrades and Siri AI improvements, plus updated AirPods and Apple Watch models. The company’s recent iPhone 17 performance and record first-year revenue provide evidence of continuing product demand. iPhone 17 Record First-Year Revenue

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company’s ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.