Apple Stock Forecast: Trending Higher On Bullish Analyst

Apple stock (AAPL) has risen 2.8% over the past week, 5.9% over the past month, and an impressive 38.5% over the last year. Wall Street’s analysts are moderately bullish, forecasting further upside over the next twelve months based on a consensus price target of $304.85 versus the last close at $266.43.

Among the latest voices, Erik Woodring of Morgan Stanley reiterated his Buy rating on Apple on April 20, 2026, setting a price target of $315. That target implies meaningful upside from current levels and reflects his view that Apple is a tactical long heading into upcoming earnings and key product events.

Woodring expects memory cost inflation to pressure Apple’s margins, but he believes this is already well-known and likely to be offset by stronger iPhone, Mac, and Services revenues. He forecasts that Apple’s June quarter earnings guidance, with implied EPS around $1.74, should come in roughly in line with Wall Street estimates, delivering a “better-than-feared” outcome against low expectations.

Looking further out, the analyst highlights several potential catalysts, including a critical WWDC with a possible meaningful Siri redesign and excitement around an upcoming foldable iPhone launch this fall. He also points to robust revenue growth averaging about 15% per quarter through FY27, supported by share gains across multiple markets and a seasonally strong period that often brings positive estimate revisions and multiple expansion.

Woodring values Apple at about 28 times next year’s GAAP EPS, roughly the midpoint of its historical 24–34 times range, arguing the stock is neither cheap nor overly expensive. With his FY27 EPS estimate around $9.76, about 5% above the Street, he sees a path for Apple shares to reach $300 by this September, and reminds investors: Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.