Apple hit an all-time high of $333 and carries a BUY rating with a $364 price target implying 9% upside over 12 months.
China's approval of Apple Intelligence with Alibaba and Baidu drove a 4% single-session gain and removed the biggest overhang on Greater China revenue.
Microsoft trades at a cheaper P/E of 29 and Alphabet grew revenue 22% with Google Cloud up 63%, framing Apple's premium multiple as defensible.
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Apple just closed at a fresh all-time high. Apple (NASDAQ:AAPL) trades at $333.26 after a 5.39% weekly gain and a 22.81% year-to-date gain.
Our 24/7 Wall St. price target for Apple is $363.77, implying another 9.15% of upside over the next 12 months. The recommendation is buy, with confidence at 90%.
Apple has climbed 11.37% over the past month and 59.21% over the past year.
The March quarter delivered $111.2 billion in revenue, up 16.6% year over year, with EPS of $2.01 beating the $1.94 consensus for an eighth consecutive quarterly beat. iPhone hit $56.99 billion on iPhone 17 demand, and Services set another record at $30.98 billion. Management authorized a fresh $100 billion buyback and raised the dividend 4%.
On July 16, 2026, Apple received Chinese government approval to roll out Apple Intelligence features with Alibaba and Baidu partners, pushing the stock 4.2% higher in one session. Greater China revenue recovered to $20.50 billion in the March quarter, removing the largest remaining overhang on that region.
The bull case rests on Services compounding, iPhone 18 tailwinds, and Apple Intelligence monetization. Citi carries a $365 target on margin expansion tied to selective price hikes and market-share gains. Our bull-case scenario points to $380.43 over 12 months.
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Prediction markets on Polymarket assign a 66.2% probability that Apple hits $344 in July, and an iPhone 18 release before year-end sits at 96.6%. Broadcom's supply agreement extending through 2031 secures a critical silicon partner.
KeyBanc is the loudest bear, carrying an Underweight rating and a $250 target citing extended replacement cycles and reduced carrier subsidies. Trailing P/E of 40 leaves little margin for a miss.
Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
