Apple (AAPL) stock has risen 2.3% over the past week, 6.9% over the past month, and an impressive 39.8% over the past year. Wall Street’s analysts are moderately bullish, forecasting a move toward a 12‑month price target of $311.78 from the last close of $276.83, pointing to further upside potential for long‑term investors.
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Among the latest voices, top‑ranked analyst Wamsi Mohan of Bank of America has reiterated a Buy rating on Apple with a new price objective of $330.00. This target, set when the stock traded at $271.35, signals confidence that Apple can continue to outperform as multiple growth drivers line up for 2026.
Mohan highlights several catalysts, including iPhone revenues tracking better than expected globally, even in China, and a record wave of upgraders. He also points to a new record installed base of more than 2.5 billion devices, which should fuel continued double‑digit growth in Apple’s high‑margin Services business.
Looking ahead, Apple is preparing an AI‑enabled Siri in 2026 and a foldable iPhone expected this fall, both seen as key product milestones. The analyst notes that CEO Tim Cook is set to transition to Chairman while John Ternus becomes CEO in September, a shift expected to sharpen the focus on product launches and innovation.
Mohan also argues Apple is well positioned to handle gross margin pressures, with recent margins hitting 49.3% and guidance of 47.5% to 48.5% despite memory cost headwinds. This N‑star analyst ranks 40 out of 12,173 on TipRanks, with a 64.42% success rate and an impressive 41.20% average return per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.