Apple Receives $358.99 Price Target from 24/7 Wall St.

Apple (AAPL) has received a buy rating from 24/7 Wall St. with a price target of $358.99, implying an 18.77% upside from its current price of $302.25.

This prediction is based on Apple's recent earnings beats, including its fiscal Q3 revenue reaching $109.42 billion, up 16.4% year-over-year, and EPS of $2.02 topping estimates by 6.8% for the ninth consecutive quarter.

The bull case for AAPL assumes Services growth will continue in the mid-teens and that the foldable iPhone timeline holds, which would drive strong demand and potentially uplift ASPs.