These are top 10 stocks traded on the Robinhood UK platform in July
Investing.com - BofA Securities raised its price target on Apple (NASDAQ:AAPL) to $240.00 from $235.00 on Friday, while maintaining a Buy rating following the company’s quarterly results. The tech giant, currently trading at $207.57 with a market cap of $3.1 trillion, has seen 8 analysts revise their earnings estimates upward for the upcoming period, according to InvestingPro data.
The research firm cited Apple’s "much stronger quarter" and guidance that exceeded consensus across most metrics, highlighting encouraging iPhone unit strength ahead of expected form factor changes in September 2025 and again in September 2026.
BofA Securities noted Apple’s increased focus on AI, including incremental investments and potential M&A activity, which could position the company well for a strong iPhone cycle in 2026.
Despite facing adverse legal rulings across its services business, the firm observed that growth across Apple’s installed base remains robust, with the Services segment posting strong growth and margins.
BofA Securities reiterated its Buy rating based on Apple’s stable cash flows, earnings resiliency, and strong capital return program.
In other recent news, Apple Inc. reported its fiscal third-quarter earnings for 2025, surpassing analyst expectations with a revenue of $94 billion and an earnings per share (EPS) of $1.57. The company exceeded forecasts by 5.66% for revenue and 10.56% for EPS. Despite these strong results, Apple shares experienced a slight decline in after-hours trading. Additionally, Morgan Stanley (NYSE:MS) raised its price target on Apple to $240 from $235, maintaining an Overweight rating on the stock. The firm highlighted Apple’s June quarter performance, which exceeded expectations in product sales, services, and gross margins. These developments are part of Apple’s recent performance updates.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.