Apple Stock Teeters Ahead of FOMC Decision as Experts Eye $317 Price Target
Apple's (AAPL) stock price is hovering at $298.99, consolidating just above its EMA50 ($299.42) level on a 4-hour chart within an upward-sloping blue trend channel.
The company's Services revenue reached an all-time quarterly high of $31 billion in Q2 FY2026, with a growth rate of 16% year-over-year.
Experts believe that the upcoming FOMC decision on June 17, led by Chair Kevin Warsh, will have a significant impact on Apple's stock price, potentially triggering a rally to $317.45 or a decline to EMA200 at $289.78, depending on the tone of the rate decision.
Apple's Services business is composed of subscription- and recurring transaction-based revenues, which are less affected by interest rate expectations than growth multiples.
A neutral or dovish tone from Warsh could lead to a breakout above $302.40, targeting $317.45, while a hawkish surprise may result in a retest of EMA200 at $289.78.