Apple (AAPL – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Brian White from Monness maintained a Buy rating on the stock and has a $245.00 price target.
Brian White has given his Buy rating due to a combination of factors including Apple’s recent financial performance and strategic initiatives. Despite some challenges, Apple reported a 5% year-over-year revenue growth in the second quarter of fiscal year 2025, with iPhone sales returning to growth and Mac revenue exceeding expectations. The company also announced a significant $100 billion stock repurchase program and increased its quarterly cash dividend, which are positive signals for investors.
Furthermore, Apple is actively working to optimize its supply chain by shifting production outside of China, which is a strategic move in response to ongoing trade tensions. Although there are uncertainties related to geopolitical risks and regulatory headwinds, Apple’s innovation in products and services, along with its strong financial position, supports the Buy rating. Brian White acknowledges these efforts and the company’s potential to navigate through the macroeconomic challenges, maintaining a positive outlook on Apple’s future performance.
According to TipRanks, White is a top 100 analyst with an average return of 17.1% and a 64.12% success rate. White covers the Technology sector, focusing on stocks such as Apple, Oracle, and Salesforce.
In another report released today, Wedbush also maintained a Buy rating on the stock with a $270.00 price target.