Apple Stock: Will Foldable iPhone Unlock New Growth Potential?

Apple's upcoming September 9 product event is just around the corner, and investors are eagerly awaiting the unveiling of new iPhone models, including a potential foldable device. The tech giant has confirmed the launch under incoming CEO John Ternus, who takes over on September 1, replacing Tim Cook as Executive Chairman.

The technical analysis suggests that Apple's stock is strongly bullish across all timeframes, with every single timeframe registering a Strong Buy signal. However, the Fair Value model implies an -20.8% downside, indicating that the stock may be priced for perfection.

Rothschild Redburn has upgraded to Buy with a $400 target, forecasting iPhone sales to compound at a 12% five-year CAGR fueled by the foldable opportunity. Meanwhile, Barclays remains skeptical about foldable volumes and Jefferies questions pricing sustainability.