Apple Inc. (AAPL) shares surged after the company reported strong Q2 earnings, signaling solid demand across its core products and services. The upbeat results boosted investor confidence, leading Wall Street analysts to raise their price targets as they turned more optimistic on Apple’s outlook. AAPL stock gained over 3% on Friday.
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For context, Apple delivered its strongest second-quarter results ever, driven by strong demand for the iPhone 17 lineup. Earnings per share rose 22% to $2.01, and revenue climbed 16.6% to $111.2 billion. iPhone sales were the standout, jumping over 20% to $56.99 billion and leading all product categories.
Most Accurate Analysts Lift Price Targets on AAPL
Following strong results, some of the most accurate Wall Street analysts have raised their price targets on AAPL, reflecting growing confidence in its earnings momentum and outlook. Notably, TipRanks ranks analysts based on success rate, average returns, and statistical performance to identify the most reliable voices on Wall Street.
Wells Fargo’s five-star-rated analyst Aaron Rakers raised his price target from $300 to $310 with a Buy rating. The upgrade was driven by better-than-expected earnings and guidance, with revenue and gross margin forecasts coming in about 5% and 50 basis points above Street estimates. Looking ahead, Rakers expects investor attention to stay on Apple’s ability to manage rising memory and storage costs into the second half of 2026.
Likewise, Morgan Stanley’s top-rated analyst Eric Woodring raised his price target to $330 from $315 and maintained a Buy rating. He said he is more confident in Apple’s ability to manage rising cost pressures and highlighted upside potential from upcoming product cycles, including its developer conference and a possible foldable iPhone, calling Apple a “thematic megacap winner.”
Importantly, Rakers and Woodring are among the most accurate analysts covering AAPL stock over the time frame of three months and one year, respectively. Rakers has a 71% success rate with an average return of 7.91% per trade, while Woodring has a 96% success rate and an average return of 17.46% per trade, highlighting their strong track records in predicting Apple stock performance.
Is AAPL Stock a Buy?
On TipRanks, AAPL stock has a consensus Moderate Buy rating among 27 Wall Street analysts. That rating is based on 17 Buys, nine Holds, and one Sell assigned in the last three months. The average AAPL price target of $310.95 implies an upside of 11% from current levels.
