Wedbush Reiterates Outperform Rating for Apple (NASDAQ:AAPL)

Wedbush Reiterates Outperform Rating for Apple (NASDAQ:AAPL)

  • 17.03.2025 08:58
  • etfdailynews.com
  • Keywords: Apple, Wedbush, Barclays, Wells Fargo & Company, Goldman Sachs Group, DA Davidson, Maxim Group, MarketBeat.com, Drystone LLC, Bull Oak Capital LLC, Hershey Financial Advisers LLC, Conquis Financial LLC, LSV Asset Management

Wedbush reiterates Outperform rating for Apple with a $325 target. The stock has a Moderate Buy consensus and is trading up 1.8%.

Apple ReportsAAPLsentiment_satisfiedBCSsentiment_dissatisfiedWFC/PYsentiment_satisfiedGS/PAsentiment_satisfied

Estimated market influence

Apple

Apple

Positivesentiment_satisfied
Analyst rating: Buy

Wedbush, Barclays, Wells Fargo & Company, Goldman Sachs Group, DA Davidson, and Maxim Group have provided ratings and price targets for Apple. Wedbush has a $325.00 price target, while others like Barclays increased their target to $197.00 and Wells Fargo set it at $275.00. The consensus rating is 'Moderate Buy' with an average target of $243.22. Apple's stock has been trading up 1.8%, indicating positive market sentiment.

Wedbush

Positivesentiment_satisfied
Analyst rating: N/A

Reiterated outperform rating for Apple, setting a price target of $325.00, which is above the current stock price and indicates confidence in future performance.

Barclays

Barclays

Negativesentiment_dissatisfied
Analyst rating: Buy

Boosted their price target but maintained an 'underweight' rating on Apple, suggesting cautious optimism or a neutral stance with a lower recommendation compared to other stocks.

Wells Fargo & Company

Positivesentiment_satisfied
Analyst rating:

Increased their price target to $275.00 and gave a 'buy' rating, indicating confidence in Apple's stock performance.

Goldman Sachs Group

Positivesentiment_satisfied
Analyst rating:

Reiterated a 'buy' rating on Apple, showing continued support for the stock.

DA Davidson

Neutralsentiment_neutral
Analyst rating: N/A

Set a price target of $290.00 but did not provide additional details on their stance towards Apple's stock.

Maxim Group

Neutralsentiment_neutral
Analyst rating: N/A

Boosted their price target to $215.00 and gave a 'hold' rating, indicating neither strong buy nor sell recommendation.

MarketBeat.com

Neutralsentiment_neutral
Analyst rating: N/A

Provided aggregated data on Apple's ratings and average target price, serving as an aggregator rather than providing direct analysis or influence.

Drystone LLC

Positivesentiment_satisfied
Analyst rating: N/A

Acquired a new position in Apple with a valuation of $25,000, indicating confidence in the stock's future performance.

Bull Oak Capital LLC

Positivesentiment_satisfied
Analyst rating: N/A

Increased their stake by 252.3%, showing increased confidence and investment in Apple.

Hershey Financial Advisers LLC

Positivesentiment_satisfied
Analyst rating: N/A

Acquired a new position in Apple with a valuation of $42,000, indicating a positive outlook on the stock.

Conquis Financial LLC

Positivesentiment_satisfied
Analyst rating: N/A

Acquired a new position in Apple with a valuation of $63,000, reflecting a positive investment decision.

LSV Asset Management

Positivesentiment_satisfied
Analyst rating: N/A

Acquired a new position in Apple with a valuation of $65,000, showing confidence in the stock's potential.

Context

Analysis of Apple (NASDAQ:AAPL) Stock Performance and Business Insights

Analyst Ratings and Price Targets

  • Wedbush: Reiterated "Outperform" rating with a price target of $325.00.
  • Barclays: Increased price target to $197.00 with an "underweight" rating.
  • Wells Fargo: Raised price target to $275.00 and maintained a "buy" rating.
  • Goldman Sachs: Reaffirmed "buy" rating.
  • DA Davidson: Set price target at $290.00.
  • Maxim Group: Increased price target to $215.00 with a "hold" rating.
  • Consensus Rating: "Moderate Buy" with an average target of $243.22.

Stock Performance

  • Opening Price: $213.49 on Friday.
  • 52-Week Range: $164.08 (low) to $260.10 (high).
  • Moving Averages: 50-day at $234.52, 200-day at $233.82.

Financial Metrics

  • Market Capitalization: $3.21 trillion.
  • P/E Ratio: 33.89.
  • PEG Ratio: 2.44.
  • Beta: 1.18.
  • Debt-to-Equity Ratio: 1.26.
  • Current Ratio: 0.92.
  • Quick Ratio: 0.88.

Earnings and Dividend

  • QPS (Quarterly Profit per Share): $2.40, exceeding estimates by $0.04.
  • Net Margin: 24.30%.
  • Return on Equity: 160.83%.
  • Expected EPS for the Year: 7.28.
  • Dividend: Quarterly dividend of $0.25, annualized to $1.00, yielding 0.47%. Payout ratio: 15.87%.

Hedge Fund and Institutional Ownership

  • Institutional Ownership: 67.73%.
  • Recent Activities:
    • Drystone LLC: New position valued at $25,000.
    • Bull Oak Capital LLC: Increased stake by 252.3%, now owning 155 shares.
    • Hershey Financial Advisers LLC: New position valued at $42,000.
    • Conquis Financial LLC: New position valued at $63,000.
    • LSV Asset Management: New position valued at $65,000.

Company Overview

  • Products: iPhones, Macs, iPads, wearables (AirPods, Apple Watch), and accessories.
  • Market Position: Strong earnings and varied analyst opinions suggest mixed sentiment but overall positive outlook. The divergence among analysts indicates potential risks or opportunities for investors.

Strategic Considerations

  • Competitive Dynamics: Apple's consistent performance and product innovation are key factors influencing stock ratings.
  • Dividend Impact: Attracts income investors with a stable dividend yield of 0.47%.
  • Market Trends: The "Moderate Buy" consensus reflects balanced investor sentiment, suggesting cautious optimism.

This analysis highlights Apple's robust financial health and strategic positioning in the tech sector, alongside potential risks and opportunities for investors.