Rothschild Raises AAPL Price Target to $400 on iPhone Ultra Expectations

Rothschild's analysts have raised their Apple price target to $400 due to expectations of strong sales for the iPhone Ultra.

The firm believes that an iPhone Ultra is a 'match made in heaven' for Apple, and predicts that it will be a successful entry into the foldable market.

According to Timm Schulze-Melander of Rothschild & Co Redburn, the company's research arm, Apple entering this product category will accelerate its growth and size.

The analysts expect Apple to sell 14 million iPhone Ultra devices across fiscal year 2027, with only 4 million at the expense of other models.