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Investing.com - Wedbush maintained its Outperform rating and $270.00 price target on Apple (NASDAQ:AAPL), the $3.16 trillion tech giant, following the company’s announcement of additional U.S. investments. According to InvestingPro data, analysts’ price targets range from $175 to $300, with 21 analysts recently revising earnings estimates upward.
Apple revealed plans to invest an additional $100 billion in the United States, bringing its total U.S. investment commitment to $600 billion over the next four years. The announcement came during an event at the White House with President Trump and Apple CEO Tim Cook.
The expanded investment builds upon Apple’s previous commitment of $500 billion and 20,000 new jobs announced in February. The company did not provide details on how the additional $100 billion would be allocated.
Apple also introduced a new initiative called the American Manufacturing Program, which aims to further expand U.S. manufacturing and supply chain operations amid ongoing tariff tensions with the administration.
As part of this program, Apple will fund a major expansion of its partnership with Corning (NYSE:GLW), bringing smartphone glass production to Corning’s factory in Kentucky. The investment will strengthen Apple’s domestic supply chain for critical components.
In other recent news, Apple is facing potential challenges due to President Trump’s threat to increase tariffs on India, which could raise the company’s annual tariff-related costs by $10 billion and reduce operating income by 7%, as noted by Gene Munster of Deepwater Asset Management. Meanwhile, Apple’s App Store has shown strong performance, with BofA Securities maintaining its Buy rating and increasing its price target to $240, citing a 12.1% year-over-year revenue growth in the fiscal fourth quarter of 2025. Goldman Sachs also reiterated its Buy rating and $266 price target, highlighting a 13% year-over-year growth in App Store spending in July 2025. Barclays (LON:BARC) has raised its price target for Apple to $180 from $173, maintaining an Underweight rating, and attributed the increase to strong iPhone and Mac sales, with some benefits from tariff-related spending. BofA Securities further increased its price target to $240, emphasizing Apple’s robust quarterly performance and guidance that exceeded expectations, particularly due to strong iPhone unit sales.
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