Apple Stock Gets Bullish Boost to $400 Price Target

Rothschild Redburn analyst James Cordwell has upgraded Apple Inc. (NASDAQ:AAPL) shares to 'Buy' from 'Neutral', citing the company's strong fundamentals and potential for growth.

Cordwell raised his price target to $400, a 53.85% increase from the current stock price of $305.93, implying about 30.75% upside from the current level.

The analyst pointed to Apple's tightly integrated hardware, custom chips, and expanding services business as key drivers of growth, estimating an installed base of 2.55 billion devices with customer loyalty that is difficult for competitors to match.