Apple Stock Sees 90% Confidence BUY Signal With 13% Upside

Apple's stock price has been on a tear, reaching near all-time highs. Despite this, the Street is questioning whether there's anything left in the tank. However, a recent model suggests that Apple (NASDAQ:AAPL) shares have further upside.

The 24/7 Wall St. price target puts fair value at $383.16 over the next 12 months, implying 13.14% upside and sitting above the current Wall Street consensus of $328.22. The model output flags a buy signal with high conviction.

The company's forward P/E of 35 towers over Microsoft (NASDAQ:MSFT) at 25 and Alphabet (NASDAQ:GOOGL) at 23, a premium that is only defensible if Siri AI delivers real monetization.