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Apple Stock Hits Fresh Record as July Rally Continues

Guavy AI Editorial Team
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AAPL
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Apple's stock price has surged to a fresh record high after a 15.2% gain in July, making it the second-best performer among the 'Magnificent Seven' stocks.

The tech giant's shares have been boosted by several recent catalysts, including price hikes across its MacBook, iPad, HomePod, and Apple TV lineup, as well as indications that iPhone prices could be next to rise.

HSBC upgraded AAPL stock to 'Buy' from 'Hold,' with a $366 price target, implying a 10% upside from the current closing price. However, analysts remain divided, with an average price target of $315.79 over 5% below the current stock level.

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