<div id="readability-page-1"><p><span>Apple (NASDAQ:AAPL - Get Free Report)</span> had its target price hoisted by equities researchers at Evercore ISI  from $250.00 to $260.00 in a report issued on Wednesday, Marketbeat.com reports. The brokerage currently has an &#34;outperform&#34; rating on the iPhone maker's stock. Evercore ISI's price objective points to a potential upside of 10.95% from the company's previous close.</p><ul><li>Is Qualcomm Tesla’s Next Rival in Autonomous Driving?</li></ul><p>Several other research analysts have also recently weighed in on the company. UBS Group  reaffirmed a &#34;neutral&#34; rating on shares of Apple in a research report on Monday. JPMorgan Chase &amp; Co. increased their price target on Apple from $250.00 to $255.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday, August 1st. Rosenblatt Securities increased their price target on Apple from $223.00 to $241.00 and gave the company a &#34;neutral&#34; rating in a research report on Wednesday. HSBC  set a $220.00 price target on Apple and gave the company a &#34;hold&#34; rating in a research report on Monday. Finally, Moffett Nathanson raised Apple from a &#34;sell&#34; rating to a &#34;neutral&#34; rating and set a $225.00 price target for the company in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned  a Buy rating, thirteen have given a Hold rating and one  has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $240.17.</p><p><b>Read Our Latest Stock Analysis on AAPL</b></p><h2>Apple Stock Down 1.5%</h2><ul><li>MP Materials: How One Move Redefined the U.S. Magnet Supply Chain</li></ul><p>AAPL stock opened at $234.35 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market capitalization of $3.48 trillion, a P/E ratio of 35.56, a P/E/G ratio of 2.48 and a beta of 1.11. The business has a 50-day moving average of $220.46 and a 200-day moving average of $212.50. Apple has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. </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 for the quarter, topping the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analysts' expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 earnings per share.  On average, sell-side analysts anticipate that  Apple will post 7.28 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at Apple</h2><ul><li>Small Cap, Big Potential: 3 Tech Disruptors You Should Know About</li></ul><p>In other news, SVP Deirdre O'brien sold 34,821 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $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 accessible through this link. Company insiders own  0.06% of the company's stock. </p><h2>Hedge Funds Weigh In On Apple</h2><p>A number of large investors have recently made changes to their positions in the company. Advanced Portfolio Management LLC increased its stake in shares of  Apple by 0.3% during the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock worth $3,260,000 after purchasing an additional 47 shares during the period.  Baker Boyer National Bank increased its stake in shares of  Apple by 0.3% during the second quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker's stock worth $3,695,000 after purchasing an additional 47 shares during the period.  Beddow Capital Management Inc. increased its stake in shares of  Apple by 1.8% during the second quarter. Beddow Capital Management Inc. now owns 2,597 shares of the iPhone maker's stock worth $533,000 after purchasing an additional 47 shares during the period.  Salus Financial Advisors LLC increased its stake in  Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock worth $291,000 after acquiring an additional 49 shares during the period.  Finally, Red Tortoise LLC increased its stake in  Apple by 0.9% during the 2nd quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker's stock worth $1,173,000 after acquiring an additional 49 shares during the period. 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>Featured Stories</h2><ul><li>Five stocks we like better than Apple</li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>CoreWeave and Madrigal's Insider Trades Flash Bullish Signals</li><li>Buy P&amp;G Now, Before It Sets A New All-Time High</li><li>August's Most Upgraded: 3 Stocks With +20 Price Target Increases</li><li>Top Stocks Investing in 5G Technology</li><li>Is Qualcomm Tesla’s Next Rival in Autonomous Driving?</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>Evercore ISI has raised its price target for Apple (NASDAQ:AAPL) from $250 to $260, maintaining an "outperform" rating. This suggests a potential upside of 10.95% from the previous close. Other analysts have also adjusted their ratings, with JPMorgan raising its target to $255 and UBS reaffirming a "neutral" rating. Currently, Apple has a consensus rating of "Moderate Buy" with an average price target of $240.17. The stock opened at $234.35 and has a market cap of $3.48 trillion.</p>

- Evercore ISI raised Apple's target price from $250.00 to $260.00, indicating a potential upside of 10.95%.  
- Several analysts have provided varying ratings, with a consensus rating of "Moderate Buy" and an average price target of $240.17.  
- Apple reported $1.57 earnings per share for the last quarter, exceeding expectations, with revenue up 9.6% year-over-year.  

Apple (NASDAQ:AAPL) Stock Price Expected to Rise, Evercore ISI Analyst Says