AAPL Stock Projections: Wall Street Analysts Weigh In
Projected Growth for AAPL Stock
Wall Street analysts continue to express optimism regarding Apple (NASDAQ: AAPL) stock price predictions for the next 12 months. Following the launch of products such as the iPhone 16 and AirPods 4, experts foresee a favorable sales cycle.
Analysts’ Predictions
A recent study by 35 analysts shows a largely positive sentiment towards AAPL stock, with an average price target of $249.48, representing a 12.93% potential increase from current levels.
- 25 analysts recommend a 'buy'
- 9 advise a 'hold'
- 1 recommends a 'sell'
Significant Product Contributions
Dan Ives from Wedbush believes the iPhone 16 could initiate a major upgrade cycle for Apple and places a target price of $285 on AAPL stock. The launch's emphasis on artificial intelligence is seen as a transformative factor, with anticipated sales of 90 million units.
AAPL Stock Performance
Currently, Apple stock is priced at $220.91, with a recorded modest increase of 0.041% today. Over the past week, the stock declined by 3.35% but gained 19% year-to-date.
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.