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Investing.com - Rosenblatt has raised its price target on Apple (NASDAQ:AAPL) to $250.00 from $241.00 while maintaining a Neutral rating on the stock. The new target comes as Apple trades near its 52-week high of $274.14, with InvestingPro data showing the stock is currently trading at a high P/E ratio of 41.26.
The price target increase follows Apple’s fiscal fourth-quarter 2025 earnings report, which Rosenblatt described as "in-line" with expectations, while the company’s fiscal first-quarter 2026 revenue guidance significantly exceeded analyst forecasts. Apple reported $408.62 billion in revenue for the last twelve months, with a 5.97% year-over-year growth.
Despite the stronger revenue outlook, Rosenblatt noted that higher costs are offsetting the sales gains, resulting in slightly reduced EBITDA and EPS estimates for fiscal 2026 despite raising overall sales projections. The company generated $141.7 billion in EBITDA over the last twelve months, with InvestingPro analysis indicating the stock is trading at a high EBITDA valuation multiple of 27.24.
The firm applied "a more generous multiple" of 31x fiscal 2026 estimated EPS to arrive at the new $250 price target, acknowledging the current "high growth iPhone 17 moment" for Apple. This valuation comes as the stock has posted an impressive 28.03% return over the past six months.
Rosenblatt maintained its Neutral stance on Apple stock, citing a projected EPS growth CAGR of only 10% from fiscal 2025 to fiscal 2027 in its estimates. According to InvestingPro, Apple’s Fair Value suggests the stock is currently overvalued, with RSI indicators showing overbought territory. Subscribers can access 15+ additional ProTips and comprehensive analysis in the Pro Research Report available for Apple and 1,400+ other top US equities.
In other recent news, Apple reported its quarterly earnings, showcasing a revenue growth of approximately 8% in the September quarter, surpassing both Jefferies’ estimates and consensus expectations. The company achieved a revenue of $102.5 billion and earnings per share of $1.85, slightly exceeding analyst projections. This performance led to several analyst firms adjusting their price targets for Apple. Jefferies upgraded Apple from Underperform to Hold, raising its price target to $246.99. Baird increased its price target to $300, maintaining an Outperform rating, while Evercore ISI also set a $300 target, citing Apple’s solid quarterly results. Goldman Sachs raised its target to $320, noting strong iPhone demand despite supply constraints. However, TD Cowen lowered its price target to $325, attributing the adjustment to Apple’s AI investment strategies. These developments reflect varied analyst perspectives on Apple’s financial outlook.
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