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Apple Stock Trades Near Recent Highs Amid Foldable iPhone Hype

Guavy AI Editorial Team
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AAPL
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Apple's stock price has been trading near recent highs as the company's latest product launch, the foldable iPhone Duo, drives mixed analyst calls. According to GuruFocus, Citi reaffirmed its Buy recommendation on Apple with a price target of USD 365 following the launch of the foldable iPhone.

However, not all analysts are optimistic about the new device. Jefferies reiterated an Underperform rating on Apple with a price target of USD 263.66, warning that Apple's pricing strategy for upcoming iPhone models could pressure demand and margins over the next product cycle.

Lynx Equity downgraded Apple and maintained a USD 250 price target, citing expected supply chain challenges that could weigh on fiscal 2027 performance.

The current share price of USD 315.34 is roughly 3 percent below the average analyst target range of USD 324 to USD 328, but still above the GF Value benchmark of USD 285.03. The company's market capitalization stands at about USD 4,602 billion, making it one of the world's largest listed firms.

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