Laura Martin, an analyst from Needham, maintained the Buy rating on Apple (AAPL – Research Report). The associated price target remains the same with $225.00.
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Laura Martin’s rating is based on a combination of factors that highlight Apple’s strong financial performance despite some challenges. She noted the impressive growth in Apple’s services revenue, which reached a record $26.6 billion, marking a 12% increase. Additionally, the company’s decision to authorize a $100 billion share repurchase and increase its dividend by 4% to $0.26 per share demonstrates a strong commitment to returning value to shareholders.
Furthermore, Laura Martin appreciated the margin expansion and the robust growth in Mac and iPad revenues, which increased by 7% and 15% respectively. Despite concerns about weaker guidance due to tariffs and a slight decline in revenue from China, these positive aspects, along with the company’s strong gross margins of 47.1%, support her Buy rating for Apple’s stock.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $275.00 price target.