Apple Stock Forecast: Trending As Foldable iPhone Nears

Apple (AAPL) stock has risen 14.4% over the past year, even as it slipped 1.1% in the last week and 5.5% over the past month. Wall Street’s analysts are moderately bullish, with a 12‑month average price target of $304.40 compared with a last closing price of $251.49.

Analysts see room for further gains, forecasting upside from current levels over the next twelve months. The consensus rating sits at Moderate Buy, suggesting that while not everyone is all‑in, the balance of expert opinion still tilts in favor of owning the stock.

Top‑ranked analyst Wamsi Mohan of BofA has reiterated his Buy rating on Apple, raising attention with a price objective of $320.00. That target implies solid upside from recent trading levels and is based on what he calls multiple catalysts, including AI at the edge, a new foldable iPhone, and strong capital returns.

Mohan’s latest checks in Asia point to Apple launching its first foldable iPhone in 2026, with a book‑style 7.7–7.8 inch inner screen, under 10mm thickness, Touch ID, and no physical SIM or Face ID. He expects strong initial demand of 10–20 million units, far above current rival foldable volumes, especially from China and from existing Pro and Pro Max users who want a larger screen.

The analyst also highlights a major shift in iPhone launch timing, with the foldable and Pro models still slated for September, but base, Air, and “e” models moving to early 2027. This staggered cadence should smooth supply‑chain utilization and labor needs, shifting some units and revenue into the March quarter. Mohan, ranked 67 out of 12,068 analysts with a 61.76% success rate and 29.40% average return per rating, nudged his price target to $320 from $325 after adjusting estimates. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.