DA Davidson Reaffirms Buy Rating for Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a report issued on Friday,Benzinga reports. They currently have a $250.00 target price on the iPhone maker’s stock. DA Davidson’s price objective would indicate a potential upside of 23.53% from the stock’s current price. DA Davidson also issued estimates for Apple’s Q4 2025 earnings at $1.80 EPS and FY2026 earnings at $7.71 EPS.

AAPL has been the topic of a number of other research reports. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research note on Wednesday, May 21st. Evercore ISI upped their target price on Apple to $250.00 and gave the stock a “buy” rating in a research note on Friday, June 6th. Bank of America upped their target price on Apple from $235.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley upped their target price on Apple from $235.00 to $240.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Monness Crespi & Hardt upped their target price on Apple from $245.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.25.

Apple Stock Down 2.5%

Apple stock opened at $202.38 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82. The business’s 50-day simple moving average is $205.37 and its two-hundred day simple moving average is $213.60. The company has a market cap of $3.02 trillion, a PE ratio of 30.71, a PEG ratio of 2.22 and a beta of 1.17. Apple has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The business had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. Apple had a return on equity of 172.48% and a net margin of 24.30%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 EPS. Equities analysts anticipate that Apple will post 7.28 EPS for the current year.

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

Insider Activity at Apple

In other Apple news, insider Chris Kondo sold 4,486 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the sale, the insider owned 15,533 shares of the company’s stock, valued at $3,233,815.27. This trade represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Apple

A number of hedge funds have recently modified their holdings of AAPL. Kingstone Capital Partners Texas LLC grew its holdings in shares of Apple by 573,627.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after purchasing an additional 205,656,808 shares during the period. Norges Bank purchased a new position in shares of Apple during the 4th quarter worth $46,868,648,000. Nuveen LLC purchased a new position in shares of Apple during the 1st quarter worth $17,472,482,000. GAMMA Investing LLC grew its holdings in shares of Apple by 25,934.1% during the 1st quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock worth $133,425,490,000 after purchasing an additional 59,835,676 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Apple by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock worth $349,532,608,000 after buying an additional 49,168,843 shares during the period. 67.73% of the stock is currently owned by hedge funds and other 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.