Apple (AAPL): New Buy Recommendation for This Technology Giant

Wells Fargo analyst Aaron Rakers maintained a Buy rating on Apple (AAPL – Research Report) today and set a price target of $245.00. The company’s shares closed yesterday at $199.74.

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According to TipRanks, Rakers is a 5-star analyst with an average return of 17.4% and a 55.25% success rate. Rakers covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Intel, and Micron.

In addition to Wells Fargo, Apple also received a Buy from Morgan Stanley’s Erik Woodring in a report issued yesterday. However, on the same day, UBS maintained a Hold rating on Apple (NASDAQ: AAPL).

AAPL market cap is currently $3000.5B and has a P/E ratio of 31.75.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAPL in relation to earlier this year. Most recently, in February 2025, Arthur Levinson, a Director at AAPL sold 1,516.00 shares for a total of $343,146.60.