Apple Stock Forecast: Trending Buy Calls From Top Analysts

Apple stock (AAPL) has had a mixed run recently, with the share price rising 4.1% over the past week but slipping 5.0% over the last month. Over the past 12 months, however, the stock is still up 9.2%. Based on the latest data, Wall Street’s analysts are moderately positive, with a “ModerateBuy” consensus and a 12‑month average price target of $298.57 versus the last close at $258.28. That target implies meaningful upside potential for investors willing to ride out near-term volatility.

Wall Street’s optimism is underscored by two top-ranked analysts who both see Apple heading toward $325 per share. Samik Chatterjee (J.P. Morgan), who ranks 92 out of 11,984 analysts with a 65.86% success rate and an average return of 23.20% per rating, reiterated his Buy rating on Apple on January 29, 2026, and raised his price target to $325. His latest report describes Apple as a “seasoned sailor in choppy waters,” pointing to better‑than‑expected iPhone revenue, record product gross margins, and resilient Services growth as reasons investor concerns should ease.

Chatterjee highlights that Apple’s product gross margins hit record levels in the December quarter and are set to reach another record in the March quarter, despite rising memory costs. He argues that a favorable product mix, particularly more buyers opting for higher-end iPhone models like Pro and Pro Max, gives Apple pricing power and room to offset cost pressures. Strong demand is broad-based, with notable strength in key markets such as the U.S., China, Japan and India, and double‑digit revenue growth across major regions. On the Services side, Apple delivered 14% year‑over‑year growth, with record results in the App Store, advertising, music, payments and cloud, all supported by a record installed base of 2.5 billion devices.

Another bullish voice is Wamsi Mohan (BofA Securities), ranked 110 out of 11,984 analysts with a 62.37% success rate and a 25.10% average return per rating. Mohan also reiterated a Buy rating on Apple on January 29, 2026, with a $325 price objective, seeing “many tailwinds into 2026.” He points to stronger‑than‑expected global iPhone upgrades, including in China, rising gross margins despite commodity and tariff headwinds, and the potential of AI-enabled Siri in 2026, along with an expected foldable iPhone launch in September 2026. He also expects Apple’s 2.5 billion‑device installed base to keep driving double‑digit growth in high-margin Services.

Mohan notes that Apple’s gross margin reached 48.2%, supported by favorable product mix and Services strength, even after a $1.4 billion tariff hit, and management guided to further margin improvement in the March quarter. iPhone revenue grew 23% year over year to $85 billion, driven by strong demand for Pro models and constrained supply of leading-edge chips, which kept channel inventories lean. China revenue jumped 38% year over year, reflecting robust demand for the iPhone 17 series. Both Mohan and Chatterjee base their $325 targets on applying a roughly 32x price-to-earnings multiple to Apple’s 2027 earnings estimates, arguing that the premium valuation is justified by a strong product cycle, expanding Services, and ongoing buybacks that support long-term earnings growth. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.