Apple (NASDAQ:AAPL) Given New $248.00 Price Target at Barclays

Apple (NASDAQ:AAPL) had its price objective boosted by Barclays from $239.00 to $248.00 in a research report released on Tuesday, Marketbeat reports. Barclays currently has an underweight rating on the iPhone maker’s stock.

A number of other analysts also recently issued reports on AAPL. Weiss Ratings restated a “buy (b-)” rating on shares of Apple in a research report on Monday, December 29th. TD Cowen restated a “buy” rating and issued a $325.00 target price on shares of Apple in a report on Friday, January 30th. Royal Bank Of Canada set a $325.00 price target on shares of Apple in a report on Monday, February 2nd. JPMorgan Chase & Co. raised their price objective on shares of Apple from $315.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Apple in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $296.07.

Apple Trading Down 0.4%

AAPL opened at $263.75 on Tuesday. The firm has a market cap of $3.87 trillion, a P/E ratio of 33.34, a P/E/G ratio of 2.36 and a beta of 1.10. Apple has a 12 month low of $169.21 and a 12 month high of $288.62. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average of $264.36 and a 200 day moving average of $260.05.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $0.17. The business had revenue of $143.76 billion for the quarter, compared to the consensus estimate of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.40 earnings per share. As a group, research analysts forecast that Apple will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple’s payout ratio is currently 13.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. First National Bank of Hutchinson lifted its stake in Apple by 24.6% in the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker’s stock worth $8,845,000 after acquiring an additional 6,982 shares during the period. Eagle Capital Management LLC raised its holdings in shares of Apple by 0.5% in the 4th quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker’s stock valued at $13,544,000 after purchasing an additional 272 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Apple by 14.8% in the 4th quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock worth $134,554,000 after purchasing an additional 69,207 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Apple by 4.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker’s stock valued at $16,742,000 after purchasing an additional 2,695 shares in the last quarter. Finally, Highview Capital Management LLC DE increased its holdings in Apple by 2.4% during the fourth 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.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: New MacBook Air/Pro lineup with M5 chips and revamped Studio Displays reinforces Apple’s device‑level AI strategy and supports higher ASPs and services attachment. Apple launches new generation of MacBook laptops
• Positive Sentiment: Apple introduced a lower‑cost iPhone 17e (starting $599) and upgraded iPad Air, which should help defend share in price‑sensitive markets and broaden upgrade cycles. Apple launches iPhone 17e
• Positive Sentiment: Bank of America keeps a Buy rating and $325 price target, citing sustained services momentum and device‑level AI upside — a bullish analyst endorsement for medium‑term upside. BofA maintains Buy on Apple
• Neutral Sentiment: Short‑interest data showed a reported large increase but the published figures read as 0 shares/NaN (days‑to‑cover 0.0) — likely a reporting glitch, so no clear bearish signal from short sellers at this time.
• Neutral Sentiment: Barclays raised its price target modestly (from $239 to $248) but kept an “underweight” rating — a mixed signal (higher PT but continued cautious stance). Barclays raises PT but stays underweight
• Negative Sentiment: Apple increased MacBook prices (Air up ~$100; Pro up more, some models +$400) as memory‑chip shortages and rising component costs push up ASPs — this can boost near‑term revenue but risks dampening unit demand and margin visibility. Apple raises MacBook prices amid chip shortage
• Negative Sentiment: Warren Buffett/Berkshire materially trimmed its Apple stake (reports say a ~75% sale in his final filings), a high‑profile shareholder reduction that can amplify near‑term selling pressure and sentiment risk. How Berkshire Hathaway performed during Buffett’s final quarter

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.