Wedbush Reiterates Outperform Rating for Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL)‘s stock had its “outperform” rating restated by Wedbush in a report issued on Friday,Benzinga reports. They presently have a $350.00 target price on the iPhone maker’s stock. Wedbush’s target price suggests a potential upside of 38.40% from the company’s current price.

AAPL has been the topic of several other reports. Citigroup reissued a “buy” rating and set a $315.00 price objective (down from $330.00) on shares of Apple in a research note on Tuesday, January 20th. Moffett Nathanson lifted their target price on Apple from $241.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Royal Bank Of Canada set a $325.00 target price on Apple in a research report on Monday, February 2nd. DA Davidson restated a “neutral” rating and set a $270.00 price target on shares of Apple in a report on Friday, January 30th. Finally, Morgan Stanley restated an “overweight” rating and issued a $315.00 price target on shares of Apple in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $297.58.

Apple Trading Up 0.1%

Shares of AAPL opened at $252.89 on Friday. The stock has a market capitalization of $3.71 trillion, a PE ratio of 31.97, a P/E/G ratio of 2.40 and a beta of 1.10. The company’s fifty day moving average is $260.37 and its 200 day moving average is $262.40. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. Apple has a fifty-two week low of $169.21 and a fifty-two week high of $288.62.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, beating the consensus estimate of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The business had revenue of $143.76 billion during the quarter, compared to analyst estimates of $138.25 billion. During the same quarter last year, the business earned $2.40 earnings per share. Apple’s quarterly revenue was up 15.7% compared to the same quarter last year. Sell-side analysts expect that Apple will post 7.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Apple

Several hedge funds have recently bought and sold shares of AAPL. First National Bank of Hutchinson grew its position in shares of Apple by 24.6% during 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 in the last quarter. Eagle Capital Management LLC raised its holdings in shares of 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 raised its holdings in shares of Apple by 14.8% in the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker’s stock valued at $134,554,000 after acquiring an additional 69,207 shares in the last quarter. Revolve Wealth Partners LLC lifted 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 acquiring an additional 2,695 shares during the period. Finally, Highview Capital Management LLC DE lifted its stake in Apple by 2.4% in the fourth 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. Institutional investors own 67.73% of the company’s stock.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple will open Siri to outside AI assistants (e.g., Google’s Gemini, Anthropic’s Claude), ending its exclusive ChatGPT tie — a strategic pivot that leverages the iPhone as an AI distribution platform without the capital intensity of building the largest models in-house. This could widen user choice, boost engagement with iOS services, and help Apple monetize AI through ecosystem stickiness. Reuters: Apple plans to open Siri to rival AI services
• Positive Sentiment: Apple is adding Bosch, Cirrus Logic, TDK and Qnity to its American Manufacturing Program and committing ~$400M through 2030 to expand U.S. parts production — a move that reduces geopolitical/supply risk, supports higher-margin domestic sourcing, and benefits listed suppliers (notably Cirrus Logic). That should be received positively by investors focused on supply resiliency and margin protection. Reuters: Apple adds Bosch, Cirrus Logic, others to US manufacturing program
• Positive Sentiment: MacBook Neo (Apple’s new lower-priced laptop) and other product moves aim to expand Apple’s addressable market (students/value buyers), potentially increasing device volume and accelerating ecosystem adoption that supports higher-margin services revenue over time. Yahoo Finance: Who is the target consumer for Apple’s MacBook Neo?
• Neutral Sentiment: Apple is rolling out age-verification features in the U.K. to comply with regulator pressure — a compliance cost and UX change that could modestly affect services usage patterns but mostly addresses regulatory risk. FT: Apple rolls out UK age checks for iPhone users
• Neutral Sentiment: Analyst and survey notes point to stronger iPhone loyalty and growing enterprise deployments — supportive for services growth but already reflected to some extent in valuation assumptions. This is incremental positive for installed base dynamics but not a near-term catalyst by itself. ProactiveInvestors: iPhone loyalty strengthens
• Negative Sentiment: Reports that Apple has discontinued the Mac Pro and abandoned future updates may weigh on high-end Mac revenue and signal product-line consolidation risks; investors should watch for confirmation and management commentary to assess the revenue and margin impact. MSN: Apple reportedly discontinues Mac Pro

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.