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Benzinga
1 min

Apple Stock Has More Upside: Analyst Says 'The Street is Clearly Underestimating This iPhone Cycle'

1. Strong demand for iPhone 17 influences analysts positively on AAPL shares. 2. Bank of America keeps Buy rating with a $270 price target on AAPL. 3. Wedbush raised AAPL's price target from $270 to $310, citing strong upgrade cycle. 4. Estimated iPhone sales for 2026 could surpass 240 million, indicating strong demand. 5. AI monetization might add $75 to $100 per share for Apple in the future.

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FAQ

Why Very Bullish?

The analysts' positive outlook and raised price targets suggest strong potential growth. Historical instances, such as past iPhone launches, have shown similar positive momentum affecting AAPL stock positively.

How important is it?

The combination of iPhone demand, a strategic AI push, and analysts' bullish ratings makes this news pivotal for AAPL. Strong sales and revised forecasts underscore a very favorable view of the stock's future.

Why Long Term?

iPhone sales and AI integration into products signify ongoing growth over multiple fiscal years. Similar patterns were observed with the iPhone 6 and iPhone X, which led to extended positive market sentiment.

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