BNP Paribas Elevates Rating on Apple Stock

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On April 17, 2026, BNP Paribas upgraded Apple’s outlook from Neutral to Outperform, indicating a projected annual revenue increase of 5.29% to $458.654 billion. The average one-year price target for Apple is now $297.99 per share, suggesting a 10.29% upside from the recent closing price of $270.18 per share.

As of April 14, 2026, a total of 6,105 funds reported positions in Apple, witnessing a decrease of 19.91% from the previous quarter. Institutional ownership dropped 7.70% to approximately 9.52 billion shares, while the average portfolio weight dedicated to Apple increased by 7.34% to 3.00%.

Key shareholders include Geode Capital Management with 358.033 million shares (2.44% ownership), Berkshire Hathaway with 227.918 million shares (1.55% ownership), and J.P. Morgan Chase with 225.419 million shares (1.54% ownership). The put/call ratio for Apple stands at 0.70, indicating a bullish market sentiment.

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