Apple’s Target Climbs as Earnings Accelerate: The Case For Double-Digit Upside

1 day ago 6

Vandita Jadeja

Thu, June 25, 2026 astatine 10:51 AM CDT 4 min read

Quick Read

Apple (AAPL) earns a BUY standing with a $339 terms target, implying 16% upside astatine 90% confidence.
Apple has beaten Wall Street estimates for 8 consecutive quarters, with March gross surging 16.6% to $111 billion.
Tim Cook's exit and rising representation costs are the cardinal risks, with the carnivore lawsuit landing adjacent $291.
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Apple (NASDAQ:AAPL) has go 1 of the much absorbing setups successful mega-cap tech. After a 46.9% rally implicit the past twelvemonth and an 8.01% year-to-date gain, the banal consolidated successful June. With net accelerating and the iPhone 17 rhythm feeding the apical line, our exemplary sees country for double-digit upside.

Apple CEO Tim Cook, wearing a acheronian polo shirt, stands smiling and gesturing towards an Asian antheral successful a acheronian jacket. To their right, a radical of divers Apple store employees successful bluish shirts with Apple logos are cheering and clapping. Behind them, a ample solid facade features a integer show showing 'iPhone 16' and 'Hello Apple Intelligence' successful achromatic and airy bluish text. The mounting appears to beryllium a modern, brightly lit Apple store entrance.

Our 24/7 Wall St. terms people for Apple is $338.76, implying 15.59% upside from $293.08. The proposal is buy, with precocious assurance astatine 90%.

24/7 Wall St. Price Target Summary

An Earnings Run That Keeps Surprising to the Upside

Apple's March 4th was its strongest successful years. Revenue came successful astatine $111.184 billion, up 16.6% twelvemonth implicit year, with EPS of $2.01 beating the $1.94 consensus. That marked the 8th consecutive 4th of beating Wall Street estimates.

iPhone gross deed $56.994 billion, Services acceptable an all-time grounds astatine $30.976 billion, and gross borderline expanded to 49.3%. Tim Cook called it "our champion March 4th ever, with gross of $111.2 cardinal and double-digit maturation crossed each geographic segment."

The banal pulled backmost from its May precocious adjacent $308.82, down 5.1% implicit the past month. Shares beryllium conscionable 1% disconnected the 52-week precocious of $317.40 and good supra the debased of $198.47.

The Case for $353 and Higher

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Bulls person plentifulness to enactment with. The iPhone 17 household was described by Cook arsenic "the astir fashionable lineup successful our history," with US lawsuit restitution astatine 99%. Greater China gross grew 28% successful the March quarter, and India remains, successful Cook's words, "a immense opportunity."

Services maturation of 16% against a 2.5 cardinal progressive instrumentality basal provides recurring, high-margin revenue. Prediction markets enactment a 96.1% probability connected an iPhone 18 merchandise this year, with foldable iPhone likelihood astatine 84.5%. Our bull lawsuit targets $353.41, a 20.59% return.

The Risks Worth Watching

Cook flagged "significantly higher representation costs" up and warned the interaction volition turn beyond June. R&D spending is accelerating good supra company-wide growth, which could unit operating leverage.

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