The shares of Apple Inc. (AAPL) seem to be slightly shaky. The stock price of AAPL recorded a dainty drop over the past day. While this is usually considered bearish, certain analysts were looking at the bright side. A majority of them were setting a rather optimistic target for the Apple stock. This article dives into both ends of the spectrum and reveals the price targets for this year.
Also Read: Bitcoin Projected To Dip As US Dollar Hits 26-Month High
19 Analysts Optimistic About AAPL Stock
According to 29 Wall Street analysts who have given Apple 12-month price estimates in the previous three months. 19 of them were bullish about the stock’s potential rise in the future. These analysts suggested a ‘buy’ call for the AAPL stock. Meanwhile, about seven of them were urging the market to ‘hold’ the share. Lastly, three analysts were bearish and urged investors to sell the stock.
For the next 12 months, these analysts also set price targets for Apple stock. The maximum estimation of AAPL was $325.00, and the low price was $184.00. In addition to this, the average price goal is $244.77. Compared to the previous price of $233.28, the average price objective indicates a change of 4.93%.
Also Read: Dogecoin on the Brink of ATH—Trump’s Inauguration Could Be the Spark!
A Look Into The Future
These analysts are optimistic about Apple’s surge for several reasons. iPhone sales are expected to rise, especially now that sophisticated AI technologies are expected to be included. The goal of the future iOS 18.4 upgrade, which is anticipated to arrive in April 2025, is to further integrate personal context and app functionality with the introduction of agentic AI capabilities.
This, however, comes with the fear of underwhelming the community. There is a chance that these early releases won’t live up to the high standards established by investors and customers as Apple gets ready to roll out cutting-edge AI technologies with iOS 18.4 and later versions.
Also Read: How High Will Shiba Inu Surge When Dogecoin’s Market Cap Hits $1 Trillion?
