Rosenblatt Hikes Apple Price Target to $303 Ahead of Foldable iPhone Launch

Rosenblatt Securities has raised its Apple stock price target to $303 ahead of the expected launch of the foldable iPhone next week.

The move comes after Tim Cook stepped down as CEO and John Ternus took over, with analyst Barton Crockett expecting 'a September to remember.'

Rosenblatt believes that Apple can navigate supply-chain pressures thanks to higher prices and premium products, which will justify the valuation. The firm has maintained a 'Neutral' rating on the stock.

The $303 price target is based on a 31x multiple of projected fiscal 2027 earnings per share (EPS), which Crockett described as a healthy premium relative to Apple's expected low-double-digit EPS growth rate.