Needham analyst Laura Martin has maintained their bullish stance on AAPL stock, giving a Buy rating yesterday.
Laura Martin has given her Buy rating due to a combination of factors that suggest potential resilience and growth for Apple despite recent challenges. The company’s commitment to significant investment in the United States, including a $500 billion pledge over four years to create 20,000 new jobs, positions Apple favorably in the eyes of policymakers, potentially increasing the likelihood of tariff exemptions.
Additionally, Apple’s status as an iconic American brand may play a role in securing favorable treatment, as seen in past exemptions granted during the Trump administration. While the potential impact of tariffs could reduce earnings per share significantly, the market seems to be factoring in a reasonable chance of an exemption, which would mitigate the negative financial impact. These strategic factors contribute to Laura Martin’s optimistic outlook on Apple’s stock, leading to her Buy rating.
Martin covers the Communication Services sector, focusing on stocks such as Magnite, Roku, and Taboola.com. According to TipRanks, Martin has an average return of -3.3% and a 38.03% success rate on recommended stocks.
In another report released yesterday, Raymond James also reiterated a Buy rating on the stock with a $250.00 price target.