Apple (AAPL) Gets $250 Target & Outperform Rating: Here’s Why
There is no denying that the US stock market has been in a tough position for the last several weeks. With global tensions only increasing, a trade war with China seems unavoidable, with companies looking to navigate the move. Among them is Apple (AAPL), which has been given a $250 target and outperform rating despite the concerning macroeconomic outlooks.
There were few companies that were set to struggle amid increased tariffs on China than Apple. The iPhone developer had reportedly filled five cargo planes full of product in anticipation of the increased import duties. Yet, some experts believe it is more than capable of managing the increased tax risks.
Also Read: Apple (AAPL): Has Best Day Since 1998 as Experts Warn of Trouble Looming
Apple Holds Onto Outperform Rating as Stock Navigates Geopolitical Challenges
Apple has had a rather slow start to 2025 so far. The stock has dropped more than 15% over the last six months, firmly trading below the $200 mark. Moreover, things could be set to get even worse. Specifically, the White House revealed that tariffs on China could reach heights of 245% amid a brewing trade war.
However, things may not be as dire as they seem for the iPhone developer. Indeed, Apple (AAPL) has gotten a $250 price target and an outperform rating in a new outlook update for the company. Moreover, it paints an optimistic picture for the firm that just fell below the $3 trillion market cap figure for the second time this year.
Also Read: Apple (AAPL) Target Gets Cut to $245 by JPMorgan: Here’s Why
According to a recent update from Evercore ISI, the stock could return to form because of its status. It remains a dominant retail tech firm, with attractive margins of 46%. Additionally, they projected that the financial impact of Chinese tariffs would persist but sit at around 20%. This would result in a cost of goods sold (COGS) inflation of as much as$8 billion for the company.
Still, they note that one way the company could curtail this is by shifting production. Although manufacturing in the US is still too expensive, the analysis notes that 35% of iPhone and iPad demand could come from India. Moreover, they have already earned an exemption from the Chinese tariffs, although the escalating conflict could threaten that.
The sock holds a median price target of $245, up 24% from its current position. Subseuqnlety, Evercore is aligning with the consensus opinion of the stock. However, high-end projections see shares reaching heights of $308 this year, up 56% from where it stand now.
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Apple (AAPL) Gets $250 Target & Outperform Rating: Here’s Why
There is no denying that the US stock market has been in a tough position for the last several weeks. With global tensions only increasing, a trade war with China seems unavoidable, with companies looking to navigate the move. Among them is Apple (AAPL), which has been given a $250 target and outperform rating despite the concerning macroeconomic outlooks.
There were few companies that were set to struggle amid increased tariffs on China than Apple. The iPhone developer had reportedly filled five cargo planes full of product in anticipation of the increased import duties. Yet, some experts believe it is more than capable of managing the increased tax risks.
Also Read: Apple (AAPL): Has Best Day Since 1998 as Experts Warn of Trouble Looming
Apple Holds Onto Outperform Rating as Stock Navigates Geopolitical Challenges
Apple has had a rather slow start to 2025 so far. The stock has dropped more than 15% over the last six months, firmly trading below the $200 mark. Moreover, things could be set to get even worse. Specifically, the White House revealed that tariffs on China could reach heights of 245% amid a brewing trade war.
However, things may not be as dire as they seem for the iPhone developer. Indeed, Apple (AAPL) has gotten a $250 price target and an outperform rating in a new outlook update for the company. Moreover, it paints an optimistic picture for the firm that just fell below the $3 trillion market cap figure for the second time this year.
Also Read: Apple (AAPL) Target Gets Cut to $245 by JPMorgan: Here’s Why
According to a recent update from Evercore ISI, the stock could return to form because of its status. It remains a dominant retail tech firm, with attractive margins of 46%. Additionally, they projected that the financial impact of Chinese tariffs would persist but sit at around 20%. This would result in a cost of goods sold (COGS) inflation of as much as$8 billion for the company.
Still, they note that one way the company could curtail this is by shifting production. Although manufacturing in the US is still too expensive, the analysis notes that 35% of iPhone and iPad demand could come from India. Moreover, they have already earned an exemption from the Chinese tariffs, although the escalating conflict could threaten that.
The sock holds a median price target of $245, up 24% from its current position. Subseuqnlety, Evercore is aligning with the consensus opinion of the stock. However, high-end projections see shares reaching heights of $308 this year, up 56% from where it stand now.
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