Apple Stock Inches Closer to $350 as Analysts Stay Behind

Apple's stock price has climbed 10% over the past month to $340, putting it within reach of the coveted $350 milestone. To get there, analysts must revise their consensus target from $328.22, which is currently below Apple's current share price.

The company's pitch for its newest Mac desktops as capable hardware for local artificial intelligence workloads could be a key factor in driving sales and pushing analysts to raise their targets. If consistent Mac sales can prove the math works, it may finally bring AAPL stock to $350.

Investors should keep an eye on Apple's upcoming quarterly reports for signs that Mac demand tied to local artificial intelligence is repeating at scale. This could be a crucial turning point in getting analysts to lift their consensus target and make $350 within reach.