Apple Inc. (NASDAQ:AAPL) is one of the Most Profitable Stocks to Buy Now. On November 18, Tim Long from Barclays raised the firm’s price target on Apple Inc. (NASDAQ:AAPL) from $180 to $230, but maintained a Sell rating. A day earlier, on November 17, Brandon Nispel from KeyBanc reiterated a Hold rating on the stock, without disclosing any price targets.
Brandon Nispel noted the firm’s Key First Look Data, which showed a 4% decrease month-over-month in October. The analyst noted that while this data is better than the three-year average decline of 8%, it still reflects a 12% decline year-over-year. Nispel added that the data is relatively weaker compared to the firm’s expectations for Apple Inc. (NASDAQ:AAPL) as the company’s performance continues to exceed historical averages. Despite the weak data, the firm expects the company’s hardware revenue for fiscal Q1 2026 to remain in line with expectations. However, the iPhone revenue is expected to remain slightly below expectations.
Apple Inc. (NASDAQ:AAPL) released its fiscal Q4 2025 results on October 30. The revenue grew 7.94% year-over-year to $102.47 billion, surpassing expectations by $215.52 million and marking a record September quarter revenue. Moreover, the EPS of $1.85 also came in ahead of the expectations by $0.08. Management attributed revenue growth to record September quarter iPhone revenue of $49.025 billion and an all-time record Service revenue of $28.750 billion.
Apple Inc. (NASDAQ:AAPL) is an international provider of smartphones, personal computers, and other technology gadgets. Based in America, the company is renowned for its iPhone, Mac, and iPad.
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Disclosure: None. This article is originally published at Insider Monkey.