Major analysts hike their Apple price targets on robust iPhone 17 demand

iPhone 17
Several leading brokerages have significantly raised their price targets for Apple, reflecting growing optimism about the company’s execution and future growth prospects. Notably, Bank of America lifted its target to $320 from $270, pointing to stronger-than-expected long-term earnings growth. Meanwhile, Melius Research raised its target to $345 from $290, and Wedbush increased to $310 from $270, both citing strong anticipated demand for the iPhone 17 cycle and upside potential from innovative new products – including rumored smart glasses and a foldable iPhone – in the pipeline.
Simply Wall St:
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Analysts such as KeyBanc and Cirrus Logic note rising iPhone shipments and guidance that exceeds expectations, attributing upside to both volume and content growth in Apple’s ecosystem.
Institutions like Loop Capital, DZ Bank, and Tigress Financial have upgraded Apple to Buy or raised their already bullish ratings, each pointing to expanding services, an improved product roadmap, and the company’s positioning in AI and new device segments.
Firms such as Morgan Stanley and JPMorgan highlight stronger-than-expected iPhone launches and supply indicators, with Morgan Stanley increasing its price target to $298 and stating a “more excited” outlook for the next product cycles.
Bullish analysts frequently note Apple’s effective cost control, transparent earnings guidance, and the resilience of its global brand as ongoing strengths underpinning their optimism.

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MacDailyNews Take: The strength of the iPhone 17 cycle is a welcome surprise!

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