William Power, an analyst from Robert W. Baird, reiterated the Buy rating on Apple. The associated price target is $230.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
William Power’s rating is based on the improved regulatory and tariff environment surrounding Apple, which has provided a clearer path for the company’s growth. Additionally, the launch of a new iPhone cycle is expected to drive increased consumer interest and sales, further bolstering Apple’s market position.
Moreover, the broader market performance, with indices like the S&P 500 and NASDAQ Composite showing gains, supports a positive outlook for Apple’s stock. These factors combined suggest a favorable investment opportunity, leading to the Buy rating.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $280.00 price target.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year.