Fintel reports Wedbush maintained coverage of Apple (NASDAQ:AAPL) with an Outperform recommendation on September 13, 2023. Analysts project a 16.11% upside in the one-year price target, ranging from $150.49 to $252.00, with an average of $204.70.

Apple’s projected annual revenue is 413,641MM, showing a 7.74% increase, while the projected annual non-GAAP EPS is 6.36. Currently, there are 6,409 funds or institutions reporting positions in Apple, with an average portfolio weight of 4.14% and a total of 9,941,728K shares owned by institutions.

Berkshire Hathaway holds 915,560K shares of Apple, representing 5.86% ownership, with no change in the last quarter. Vanguard Total Stock Market Index Fund Investor Shares and Vanguard 500 Index Fund Investor Shares also increased their portfolio allocation in AAPL by 8.69% and 8.07%, respectively.

Geode Capital Management holds 291,538K shares of Apple, representing 1.86% ownership, with an increase of 2.18% in the last quarter. Price T Rowe Associates holds 226,651K shares, representing 1.45% ownership, and increased its portfolio allocation in AAPL by 139.25% over the last quarter.

Apple Inc. is a multinational technology company known for its consumer electronics, software, and online services. Founded in 1976, Apple has a wide range of products including the iPhone, iPad, Mac, iPod, Apple Watch, and more. Their services include iTunes, Apple Music, iCloud, and Apple Pay among others.

Read more at Nasdaq: Wedbush Maintains Apple (AAPL) Outperform Recommendation