<div id="readability-page-1"><p><span>Apple (NASDAQ:AAPL - Get Free Report)</span> had its price objective upped by analysts at Bank of America  from $250.00 to $260.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a &#34;buy&#34; rating on the iPhone maker's stock. Bank of America's price objective suggests a potential upside of 10.26% from the company's current price.</p><ul><li>MP Materials: How One Move Redefined the U.S. Magnet Supply Chain</li></ul><p>A number of other brokerages have also recently commented on AAPL. Barclays boosted their price target on Apple from $173.00 to $180.00 and gave the stock an &#34;underweight&#34; rating in a research report on Friday, August 1st. Raymond James Financial  reissued an &#34;outperform&#34; rating and issued a $240.00 price target (up from $230.00) on shares of Apple in a research report on Friday, August 1st. Citigroup boosted their price target on Apple from $240.00 to $245.00 and gave the stock a &#34;buy&#34; rating in a research report on Friday, August 1st. Wedbush  reissued an &#34;outperform&#34; rating and issued a $270.00 price target on shares of Apple in a research report on Wednesday. Finally, Evercore ISI  reissued an &#34;outperform&#34; rating and issued a $250.00 price target on shares of Apple in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned  a Buy rating, eleven have assigned  a Hold rating and two have issued  a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $237.73.</p><p><b>View Our Latest Stock Report on Apple</b></p><h2>Apple Price Performance</h2><ul><li>Small Cap, Big Potential: 3 Tech Disruptors You Should Know About</li></ul><p>NASDAQ:AAPL traded up $6.09 during trading hours on Wednesday, hitting $235.81. 30,462,316 shares of the company's stock traded hands, compared to its average volume of 56,604,809. The firm has a market cap of $3.50 trillion, a P/E ratio of 35.81, a P/E/G ratio of 2.42 and a beta of 1.11. Apple has a 52 week low of $169.21 and a 52 week high of $260.10. The business's fifty day simple moving average is $216.99 and its two-hundred day simple moving average is $212.75. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. </p><p>Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. The company's quarterly revenue was up 9.6% on a year-over-year basis.  On average, research analysts anticipate that  Apple will post 7.28 earnings per share for the current fiscal year. </p><h2>Insider Transactions at Apple</h2><ul><li>Broadcom Named in Apple’s $100B U.S. Investment Plan</li></ul><p>In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares of the company's stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by insiders. </p><h2>Institutional Investors Weigh In On Apple</h2><p>Several institutional investors have recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its position in  Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker's stock valued at $39,065,374,000 after purchasing an additional 205,656,808 shares during the period.  Norges Bank acquired a new position in  Apple during the second quarter valued at $38,942,255,000.  Nuveen LLC purchased a new position in  Apple in the first quarter valued at $17,472,482,000.  GAMMA Investing LLC increased its holdings in  Apple by 25,934.1% in the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker's stock valued at $133,425,490,000 after buying an additional 59,835,676 shares in the last quarter.  Finally, PKS Advisory Services LLC increased its holdings in  Apple by 98,917.0% in the second quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker's stock valued at $12,106,000 after buying an additional 57,898,088 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds. </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>Featured Articles</h2><ul><li>Five stocks we like better than Apple</li><li>Unveiling The Power Of VWAP: A Key Indicator For Traders</li><li>Rocket Lab Strengthens Case for Breakout With New Launch Pad</li><li>Options Trading - Understanding  Strike Price</li><li>Opera Limited Stock Set to End 2025 on a High Note</li><li>How to Use the MarketBeat Excel Dividend Calculator</li><li>Zscaler Shares Can Hit a Fresh High Before Year-End</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>Bank of America has raised its price target for Apple (NASDAQ:AAPL) from $250.00 to $260.00, maintaining a "buy" rating. This new target indicates a potential upside of 10.26% from the current price. Other brokerages have also adjusted their ratings and targets for Apple, with a consensus rating of "Moderate Buy" and an average target price of $237.73. Apple recently reported strong quarterly earnings, exceeding estimates with a revenue of $94.04 billion and an EPS of $1.57.</p>

- Analysts at Bank of America raised Apple's price target from $250.00 to $260.00, maintaining a "buy" rating, indicating a potential upside of 10.26%.  
- Other brokerages have also adjusted their price targets, with Barclays setting it at $180.00 and Wedbush at $270.00, while the consensus rating remains a "Moderate Buy" with a target price of $237.73.  
- Apple reported a quarterly revenue of $94.04 billion, exceeding estimates, and had a return on equity of 170.91%, reflecting strong financial performance.  

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Apple (NASDAQ:AAPL) Given New $260.00 Price Target at Bank of America