Monness analyst Brian White has maintained their bullish stance on AAPL stock, giving a Buy rating on October 22.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Brian White has given his Buy rating due to a combination of factors that highlight Apple’s strong position and growth potential. The company is expected to report solid financial results for the fourth quarter of fiscal year 2025, with anticipated revenue growth of 9% year-over-year, driven by the successful iPhone 17 cycle. Despite ongoing regulatory challenges and a challenging macroeconomic environment, Apple’s innovative product offerings and advancements in artificial intelligence, such as Apple Intelligence, position it well for future growth.
Furthermore, Apple’s services segment, including Apple TV, shows promising potential with a 13% year-over-year growth forecasted for the fourth quarter. The recent success of Apple TV’s content, including a record number of Emmy wins and strategic partnerships like the exclusive Formula 1® deal, enhances its competitive edge in the streaming industry. Additionally, Brian White believes that current market estimates for Apple’s upcoming fiscal year 2026 are conservative, indicating potential upside in both revenue and earnings per share, which supports his Buy rating.
In another report released on October 22, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $300.00 price target.
Based on the recent corporate insider activity of 36 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.