In a report released today, Brian White from Monness maintained a Buy rating on Apple, with a price target of $300.00.
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Brian White’s rating is based on Apple’s strong performance and future prospects. Despite some minor shortfalls in their recent financial results, Apple has shown resilience with a solid 8% year-over-year revenue growth in the fourth quarter of fiscal year 2025. The company’s services sector, in particular, has demonstrated impressive acceleration, growing by 15% year-over-year, which exceeded expectations and highlights a robust area of expansion for Apple.
Furthermore, the launch of the iPhone 17 has been well-received, contributing positively to the company’s outlook. The anticipation of a more personalized Siri powered by Apple Intelligence and the expected growth in Greater China are additional factors that bolster confidence in Apple’s future performance. Although there are some concerns regarding tariffs and regulatory challenges, the overall positive trajectory and innovative product developments support the Buy rating.
According to TipRanks, White is a top 100 analyst with an average return of 16.9% and a 68.75% success rate. White covers the Technology sector, focusing on stocks such as Apple, Salesforce, and MongoDB.
In another report released today, Wells Fargo also maintained a Buy rating on the stock with a $300.00 price target.