yahoo Press
Rosenblatt Lifts PT on Apple, Maintains Netural Rating
Images
Apple Inc. (NASDAQ:AAPL) is one of the 11 Best Large-Cap Tech Stocks to Invest In. On March 5, TheFly reported that Barton Crockett of Rosenblatt Securities increased the price target on Apple Inc. (NASDAQ:AAPL) from $267 to $268, maintaining the Neutral rating on the iPhone maker. ymgerman / Shutterstock.com Crockett remains positive on Apple following the company’s recent event, in which it launched its Chromebook-style MacBook Neo, tapping into the lower end of the laptop market. Apart from that, a lower-end iPhone 17e also adds to the company’s lineup in the budget hardware category. The analyst also mentioned that Apple’s high-end products account for a modest percentage of build-to-order, which could lead to in-line performance with its March-quarter guidance. On January 30, Reuters reported that, according to the LSEG, Apple expects Q2 FY2026 revenue to increase by 13% to 16%, compared with analysts’ 10% growth rate. Despite strong performance, Crockett highlighted that Apple trades at a meaningful premium. A majority of 52 analysts out of 54 have rated AAPL a Buy, while only two analysts rate the stock as a Hold. The average price target of $302.5 highlights an upside of over 16%, while Rosenblatt’s price target implies a modest increase of almost 3% as of March 10. Apple Inc. (NASDAQ:AAPL) is one of the largest smartphone and laptop manufacturers in the world. The company designs and markets smartphones, personal computers, tablets, and a range of wearables and accessories. While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.