Apple (NASDAQ:AAPL) Stock Price Expected to Rise, DA Davidson Analyst Says

Apple (NASDAQ:AAPL) had its price target upped by analysts at DA Davidson from $230.00 to $250.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the iPhone maker’s stock. DA Davidson’s price target would indicate a potential upside of 21.74% from the company’s previous close. DA Davidson also issued estimates for Apple’s Q3 2025 earnings at $1.39 EPS, FY2025 earnings at $7.13 EPS and FY2026 earnings at $7.86 EPS.

Other equities analysts have also recently issued research reports about the company. Raymond James cut their price objective on Apple from $250.00 to $230.00 and set an “outperform” rating on the stock in a report on Wednesday. Argus raised shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Citigroup lowered their price objective on shares of Apple from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Maxim Group boosted their price objective on shares of Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $225.00 target price on shares of Apple in a report on Monday, April 14th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $235.17.

Apple Stock Down 3.7 %

Shares of NASDAQ AAPL opened at $205.35 on Friday. Apple has a 52-week low of $169.21 and a 52-week high of $260.10. 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 stock has a market cap of $3.08 trillion, a P/E ratio of 32.60, a P/E/G ratio of 2.44 and a beta of 1.26. The firm has a 50 day moving average price of $212.15 and a 200 day moving average price of $228.61.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.03. The company had revenue of $95.36 billion during the quarter, compared to analyst estimates of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm’s 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. Analysts expect that Apple will post 7.28 EPS for the current year.

Apple declared that its board has approved a stock buyback plan on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization authorizes the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other Apple news, CFO Kevan Parekh sold 4,570 shares of the 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 transaction, the chief financial officer now owns 4,569 shares in the company, valued at $941,214. This trade represents a 50.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. This represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 187,021 shares of company stock valued at $41,760,140 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Apple

Hedge funds have recently bought and sold shares of the business. Drystone LLC bought a new stake in shares of Apple in the fourth quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new position in Apple in the 4th quarter valued at $47,000. Elite Financial Inc. bought a new stake in shares of Apple during the 1st quarter valued at $58,000. Conquis Financial LLC bought a new stake in shares of Apple during the 4th quarter valued at $63,000. Finally, LSV Asset Management acquired a new stake in shares of Apple during the 4th quarter worth $65,000. 67.73% of the stock is owned by institutional investors.

Apple Company Profile

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.