AAPL Stock Predictions: What Wall Street Expects from Apple in the Coming Year
Tuesday, 10 September 2024, 10:29
Wall Street's Apple Stock Prediction Insights
As Apple (NASDAQ: AAPL) reveals groundbreaking products including the iPhone 16, Wall Street remains optimistic about its stock price trajectory. A group of 35 analysts retains a moderate buy rating, with prices projected to rise.
Analyst Insights on AAPL Stock
- Average 12-month price target at $249.48, indicating a 12.93% increase.
- Dan Ives from Wedbush believes the upcoming iPhone could lead to a significant upgrade cycle.
- Initial shipments of the iPhone 16 projected at 90 million units, exceeding expectations.
Market sentiment shows AAPL stock positioned well for future growth amidst a positive technological shift.
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.