From MarketWatch: 2024-05-03 20:05:57

Itau BBA upgraded Apple’s outlook from Underperform to Market Perform on May 3, 2024. Analysts forecast a 17.25% upside with an average price target of 202.87, ranging from 159.58 to 262.50. Apple’s projected annual revenue is 436,698MM with a non-GAAP EPS of 6.93.

There are 6,835 funds reporting positions in Apple, an increase of 270 owners or 4.11% in the last quarter. The average portfolio weight is 3.42%, with institutional shares increasing by 1.26% to 10,091,612K. The put/call ratio of AAPL is 0.69, signaling a bullish outlook.

Berkshire Hathaway holds 905,560K shares of Apple, representing 5.86% ownership with a 1.10% decrease in shares. VTSMX holds 463,726K shares (3.00% ownership) with a 0.27% increase in shares. VFINX has 357,127K shares (2.31% ownership) with a 1.11% increase. Geode Capital Management increased its AAPL portfolio allocation by 0.29% in the last quarter.

Price T Rowe Associates holds 210,827K shares of Apple, representing 1.37% ownership with a 2.60% decrease in shares. Apple Inc. is a leading American technology company known for its hardware products like the iPhone and software services like iTunes and iCloud. Founded in 1976 by Steve Jobs and others, it has grown rapidly in the information technology industry.



Read more at MarketWatch: Itau BBA Upgrades Apple (AAPL)