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▲ Apple (Apple, AAPL), Foldable iPhone, AI Infrastructure/AI Generated Image ©
As the stock price of global big tech giant Apple breaks the $300 mark for the first time in history and continues its relentless surge, Wall Street experts are unanimously raising their price targets, fueling expectations for a further rally.
According to cryptocurrency media Watcher.Guru on July 8 (local time), Apple's stock (NASDAQ: AAPL) has broken the $300 barrier this month and settled stably at a new price level. Apple, which surged nearly 10% in just the last five trading days, hit $312 at Tuesday's open, attracting strong buying interest. As buying activity has sharply increased this month, the market's bullish sentiment is further intensifying.
In line with this steep upward trend, global research firm Evercore ISI maintained its Buy rating on Apple. Amit Daryanani, Senior Managing Director at Evercore ISI, stated in a client letter that Apple's stock price is expected to easily surpass the $350 mark soon. He assessed that even though the stock has already exceeded $300, a proactive strategy of accumulating shares at the current price level can still yield high returns for investors.
Notably, analyst Daryanani attracted attention by setting a new price target for Apple at $365. This represents an additional return on investment (ROI) of approximately 17% compared to the current stock price of $312. If Apple's stock price reaches his target as predicted, investors' portfolios could see double-digit returns, with an investment of $1,000 growing to $1,170.
Daryanani, who provided this analysis, is a 5-star veteran expert on Wall Street, boasting a high prediction success rate of 68.7%. Most of his past Apple price targets have proven accurate, so this current forecast also garners strong market confidence. Furthermore, the broader Wall Street is paying close attention to Apple's future moves due to the large-scale launch event for the next-generation iPhone and iWatch scheduled for September. This event, in particular, will be led by the new CEO, John Ternus, and the world is focused on how far Apple, under its new leadership, will elevate the company's value as it ushers in an era of change.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted solely for informational purposes.*
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