AAPL: Analysts Update Apple Stock Price Target and Growth Outlook
Overview of Apple Inc. (AAPL) Stock Target Updates
Bernstein analyst Toni Sacconaghi has raised his price target for Apple Inc. (NASDAQ: AAPL) from $240 to $260, citing the company’s strong fundamentals and continued growth trajectory.
In his comments, Sacconaghi emphasized Apple’s status as a “quality compounder” driven by mid-single-digit revenue growth, improving profit margins, disciplined capital returns, and double-digit EPS growth.
Apple's User Base and Market Position
He further highlighted Apple’s growing position as a platform company, with over 2.3 billion devices and nearly one billion unique users—a user base he describes as demographically attractive.
Caution Among Analysts
However, Sacconaghi tempered his optimism with caution, pointing to the stock’s historically high valuation levels and a distinct seasonal trading pattern. He noted that the upcoming iPhone 16 cycle appears lackluster and could lead to investor disappointment.
His recommendation: wait for the stock to dip to $220 or below or consider adding to positions between February and April when seasonal patterns could provide a more favorable entry point.
Technical Analysis of AAPL
Apple’s stock closed at $243.85, down $6.57 (-2.62%). This places the stock near the lower end of its recent trading range of $241.25 to $260.10.
- Support zone expected between $237.75 and $241.52.
- Resistance levels range between $249.87 and $259.03.
- Recent volatility has created uncertainty for investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.