Apple analyst sets bold stock target for 2026
It’s almost a time when investors will look at their experiences and reconsider the stocks that shape the course of the market. The technology sector achieved another strong performance in 2025. S&P 500 Nasdaq Composite, which gained 16% on an annual basis until December 9, gained more than 20%.
But Magnificent 7 stocks, which make up about a third of the S&P 500, have shown mixed results in 2025.
Apple’s gains place it in the lower middle of the pack and behind the major indexes. Investors are now watching the company’s signals for the rest of the year and 2026.
Apple reported better-than-expected fourth-quarter financial results on October 30 and laid out a strong outlook for the December period.
Earnings per share came in at $1.85, above expectations of $1.77. Revenue reached $102.47 billion, slightly above estimates.
Related: Analyst who bought Palantir for under $10 renewed his stock price target
“We expect total company revenue to grow 10 to 12% year over year, we expect iPhone revenue to grow in double digits year over year, and we expect the December quarter to be the best quarter in the company’s history,” the CEO said. Tim Cook he said CNBC interview.
In the fiscal fourth quarter, iPhone revenue rose 6% to $49.03 billion, but fell slightly short of analyst estimates. iPhone remains Apple’s biggest business, accounting for about half of total revenue.
Cook said demand for the iPhone 17 is strong. He also noted that trends are improving in China, where sales fell 4% in the last quarter.
Cook said Apple plans to release a new version of Siri next year and hinted at more partnerships, such as the addition of ChatGPT to Apple Intelligence.
Wedbush analyst Dan Ives reiterated outperform, raising his stock price target for Apple to $350 from $320.
“2026 will finally be the year that Apple truly enters the industry. artificial intelligence Wedbush analyst Dan Ives wrote of Revolution in a post on X. “We also believe that iPhone 17 sales are trending well towards the end of the year, including in China.”
Related: Cathie Wood sells $15.8 million in megacap tech shares
Ives believes Apple will continue to beat Wall Street There are growth expectations for the December quarter with a healthy holiday season ahead, according to a research note emailed to TheStreet.
