Apple (NASDAQ:AAPL) Given “Outperform” Rating at Wedbush

Apple (NASDAQ:AAPL)‘s stock had its “outperform” rating reiterated by Wedbush in a note issued to investors on Friday,Benzinga reports. They currently have a $400.00 price target on the iPhone maker’s stock. Wedbush’s target price points to a potential upside of 28.52% from the stock’s current price.

A number of other research firms also recently weighed in on AAPL. Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a report on Wednesday, March 4th. Morgan Stanley reiterated an “overweight” rating on shares of Apple in a research report on Monday. Barclays reissued an “underweight” rating and issued a $253.00 price target (up from $248.00) on shares of Apple in a research note on Friday, May 1st. BNP Paribas Exane raised Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price objective on the stock in a research note on Friday, April 17th. Finally, Bank of America reiterated a “buy” rating and issued a $380.00 target price (up from $330.00) on shares of Apple in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $312.82.

Apple Stock Up 0.3%

NASDAQ:AAPL opened at $311.24 on Friday. The firm’s 50 day simple moving average is $280.29 and its 200 day simple moving average is $271.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. Apple has a one year low of $195.07 and a one year high of $316.94. The company has a market cap of $4.57 trillion, a PE ratio of 37.63, a P/E/G ratio of 2.70 and a beta of 1.09.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.06. The firm had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.65 EPS. On average, research analysts anticipate that Apple will post 8.74 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 64,949 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the completion of the sale, the chief executive officer owned 3,280,418 shares of the company’s stock, valued at $833,980,668.14. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ben Borders sold 1,274 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $290.00, for a total value of $369,460.00. Following the completion of the transaction, the insider directly owned 38,713 shares in the company, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 97,759 shares of company stock worth $24,964,305. Company insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Isthmus Partners LLC raised its stake in Apple by 6.4% during the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock worth $25,000 after buying an additional 5,808 shares during the period. Sellwood Investment Partners LLC grew its stake in Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after acquiring an additional 71 shares during the period. Lifetime Wealth Management P.C. bought a new stake in shares of Apple during the fourth quarter valued at approximately $41,000. ROSS JOHNSON & Associates LLC increased its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of Apple during the fourth quarter worth approximately $65,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: WWDC is expected to spotlight major Siri and Apple Intelligence upgrades, raising hopes that Apple can finally deliver a more competitive AI experience and spark a longer-term product cycle. What to REALLY Pay Attention to at WWDC26
• Positive Sentiment: Apple’s App Store update showed more than $1.4 trillion in developer sales and billings last year, reinforcing the strength of its Services ecosystem and suggesting durable monetization even as most transactions do not carry a commission. Apple touts $1.4 trillion in App Store billings and sales, 90% without a commission
• Positive Sentiment: Foxconn, Apple’s top iPhone assembler, raised its second-quarter outlook, which can be read as a constructive signal for demand and manufacturing activity around Apple hardware. Taiwan’s Foxconn raises guidance for second-quarter outlook
• Positive Sentiment: Several analysts remain constructive on Apple heading into WWDC, with Goldman Sachs reiterating a Buy and Morgan Stanley highlighting the event as an important catalyst for the stock. Here Is What Morgan Stanley Has to Say Ahead of Apple’s (AAPL) WWDC 2026 Event?
• Neutral Sentiment: Apple is reportedly working with Google cloud infrastructure and Nvidia chips to revamp Siri, underscoring ambition in AI but also hinting that Apple may still be leaning on outside partners for critical capabilities. Apple Taps Google to Prep Siri For September Revamp
• Neutral Sentiment: Apple also approved Poke as the first AI agent on its Messages for Business platform, a modest sign that third-party AI tools are beginning to expand inside Apple’s ecosystem. Apple approves Poke as the first AI agent on its Messages for Business platform
• Negative Sentiment: UBS warned that App Store growth is slowing, which could pressure expectations for Apple’s high-margin Services segment if the trend continues. Investors Should Worry About Apple’s (AAPL) Decelerating App Store Growth, Says UBS
• Negative Sentiment: Reports that Apple may scrap a Vision Pro successor in favor of smart glasses suggest a strategic reset in mixed reality, which could be viewed as a setback for near-term headset ambitions. Apple to Scrap Vision Pro Successor and Focus on Smart Glasses

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.