<div id="readability-page-1"><p><span>Apple (NASDAQ:AAPL - Get Free Report)</span> had its target price raised by analysts at UBS Group  from $210.00 to $220.00 in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has a &#34;neutral&#34; rating on the iPhone maker's stock. UBS Group's target price would indicate a potential upside of 8.03% from the company's current price.</p><ul><li>Apple Stock: Big Earnings, Small Move—Time to Buy?</li></ul><p>AAPL has been the topic of a number of other reports. Evercore ISI upped their target price on shares of Apple to $250.00 and gave the company a &#34;buy&#34; rating in a research report on Friday, June 6th. Wedbush  restated an &#34;outperform&#34; rating and set a $270.00 target price on shares of Apple in a research report on Wednesday. Loop Capital decreased their price objective on shares of Apple from $230.00 to $215.00 and set a &#34;hold&#34; rating for the company in a report on Wednesday, April 30th. KeyCorp upgraded shares of Apple from an &#34;underweight&#34; rating to a &#34;sector weight&#34; rating in a research note on Monday, April 14th. Finally, Rosenblatt Securities  reiterated a &#34;neutral&#34; rating and issued a $217.00 price target on shares of Apple in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have assigned  a hold rating, fifteen have assigned  a buy rating and two have assigned  a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $237.25.</p><p><b>Check Out Our Latest Analysis on Apple</b></p><h2>Apple Trading Down 1.9%</h2><ul><li>Why Billions Are Flowing into IBIT, BlackRock's Bitcoin ETF</li></ul><p>Shares of Apple stock traded down $3.92 on Friday, hitting $203.65. The stock had a trading volume of 43,834,782 shares, compared to its average volume of 56,567,547. Apple has a one year low of $169.21 and a one year high of $260.10. The stock has a market cap of $3.04 trillion, a price-to-earnings ratio of 31.75, a PEG ratio of 2.30 and a beta of 1.20. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.18. The stock's 50-day simple moving average is $205.22 and its two-hundred day simple moving average is $213.98. </p><p>Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 167.24%. The company had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter last year, the firm posted $1.40 earnings per share. The firm's revenue was up 9.6% compared to the same quarter last year.  As a group, sell-side analysts predict that  Apple will post 7.28 EPS for the current year. </p><ul><li>3 Stocks Flying Under the S&amp;P 500 Radar</li></ul><p>Apple announced that its board has approved a stock repurchase plan on Thursday, May 1st that allows the company to repurchase $100.00 billion in  outstanding  shares. This repurchase authorization allows the iPhone maker to repurchase up to 3.1% of its stock  through open market purchases. Stock  repurchase plans are often an indication that the company's board of directors believes its shares are undervalued. </p><h2>Insiders Place Their Bets</h2><p>In other news, insider Chris Kondo sold 4,486 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the transaction, the insider owned 15,533 shares of the company's stock, valued at approximately $3,233,815.27. This represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.06% of the stock is owned by insiders. </p><h2>Hedge Funds Weigh In On Apple</h2><p>A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ryan Investment Management Inc. purchased a new stake in  Apple during the second quarter valued at about $31,000.  ROSS JOHNSON &amp; Associates LLC lifted its holdings in shares of  Apple by 1,800.0% in the first quarter. ROSS JOHNSON &amp; Associates LLC now owns 190 shares of the iPhone maker's stock valued at $42,000 after purchasing an additional 180 shares in the last quarter.  Life Planning Partners Inc purchased a new position in shares of  Apple during the fourth quarter valued at $47,000.  Nexus Investment Management ULC raised its position in  Apple by 333.3% during the second quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker's stock valued at $53,000 after buying an additional 200 shares during the period.  Finally, Elite Financial Inc. purchased a new position in  Apple in the first quarter valued at about $58,000. Institutional investors own  67.73% of the company's stock. </p><h2>Apple Company Profile</h2> (Get Free Report)<p>Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Apple</li><li>Election Stocks: How Elections Affect the Stock Market</li><li>Rocket Lab Reports Next Week: Here’s What Investors Should Know</li><li>Stock Market Upgrades: What Are They?</li><li>Apple Stock: Big Earnings, Small Move—Time to Buy?</li><li>Value Investing: Is it a Good Strategy in 2022? <span>Hint: Always<span></span></span></li><li>Amazon's Earnings: What Comes Next and How to Play It</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUFQTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUFQTA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Apple Right Now?</h2><p>Before you consider Apple, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.</p><p>While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>UBS Group has raised its target price for Apple (NASDAQ:AAPL) from $210.00 to $220.00, maintaining a "neutral" rating. This suggests an 8.03% potential upside from the current price. Other analysts have varied opinions, with target prices ranging from $215.00 to $270.00. Apple shares recently traded down 1.9% to $203.65, with a market cap of $3.04 trillion. The company reported strong quarterly earnings, exceeding estimates, and announced a $100 billion stock repurchase plan, indicating confidence in its stock value.</p>

- Analysts at UBS Group raised Apple's target price from $210.00 to $220.00, indicating an 8.03% potential upside.  
- Apple reported $1.57 earnings per share for the last quarter, exceeding estimates, with revenue of $94.04 billion, a 9.6% increase year-over-year.  
- The company has a stock repurchase plan approved for $100.00 billion, reflecting confidence in its stock value.

UBS Group Issues Positive Forecast for Apple (NASDAQ:AAPL) Stock Price