Apple week: Ed Case keeps buying as analyst raises target to $400

Apple Inc. featured in a week of developments spanning corporate finance, politics, markets and company history. Rep. Ed Case (D-Hawaii) made his 10th Apple stock investment in August, continuing a buying pattern that began in 2024. Apple shares gained nearly 3% despite a slight decline across the technology sector as the company faced regulatory changes in Europe, shifting investor interest in artificial intelligence and higher hardware costs. Rothschild Redburn analyst James Cordwell upgraded Apple to Buy from Neutral and lifted his price target to $400 from $260, a 53.85% increase that implied 30.75% upside from the stock’s current price of $305.93. SK hynix Inc. announced a record 40 trillion won ($28.6 billion) share buyback, adopting a capital-allocation approach compared with Apple’s. The week’s historical account also recalled how Steve Jobs, Apple’s late co-founder, taught pop artist Andy Warhol to use a Macintosh mouse at Sean Lennon’s ninth birthday party in October 1984.

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