Citi analysts have reaffirmed their buy rating for Apple Inc. (AAPL) and raised the stock’s price target from $315 to $350, indicating a potential 26.3% increase from its current price of $277.18. This optimistic outlook is driven by anticipated growth in iPhone sales and advancements in artificial intelligence (AI) capabilities.
The analysts project a surge in iPhone sales, attributing this to a significant number of customers who are due for device upgrades after prolonged use of their current models. This expectation aligns with a recent International Data Corporation (IDC) report, which revised the iPhone’s 2025 shipping forecast upward to 6.1%, an increase from the previous estimate of 3.9%.
In addition to hardware sales, Citi highlights the potential impact of Apple’s partnership with Google on AI development. This collaboration is anticipated to enhance Siri’s capabilities, fulfilling promises made during the previous year’s Worldwide Developers Conference (WWDC). The analysts suggest that this partnership could enable Apple to deliver a more powerful Siri while continuing to develop its proprietary AI models.
Apple’s stock has been on a recovery trajectory following a challenging period in early 2025, marked by trade tensions and leadership changes. Since August, the company’s expanded $600 billion U.S. commitment has bolstered investor confidence, leading to a 30% increase in stock value and a 13.7% gain year-to-date.
In summary, Citi’s revised price target reflects confidence in Apple’s ability to drive growth through increased iPhone sales and enhanced AI features, positioning the company favorably in the technology sector.
## Stock market information for Apple Inc (AAPL)
– Apple Inc is a equity in the USA market.
– The price is 277.18 USD currently with a change of -0.64 USD (-0.00%) from the previous close.
– The latest open price was 278.2 USD and the intraday volume is 32193256.
– The intraday high is 280.01 USD and the intraday low is 276.6 USD.
– The latest trade time is Tuesday, December 9, 17:15:00 PST.
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