Apple Stock (AAPL) Approaches $4 Trillion Valuation: Top Wall Street Analysts Praise iPhone 17 Surge!

Apple (AAPL) is on the brink of a $4 trillion market valuation, thanks to strong early interest in the iPhone 17. The stock has seen a 5% rise this year, but that’s still behind the S&P 500, which is up 13.3%, and the Nasdaq 100, at 18.1%. Analysts believe the iPhone 17 launch could help close that gap. Several Wall Street firms have upgraded their outlooks on Apple, noting positive iPhone 17 sales and a more optimistic investor sentiment.

A recent report from Counterpoint Research shows that the iPhone 17 series has sold 14% more in its first 10 days of release than the iPhone 16 did last year, with the base model driving a 33% increase in sales.

Analyst Insights
Loop Capital’s Ananda Baruah upgraded Apple from Hold to Buy, raising the price target from $226 to $315. He points to stronger-than-expected demand for the iPhone 17 and predicts that Apple could see steady growth in iPhone shipments through 2027. Loop anticipates shipment figures of 238 million units in 2025, 250 million in 2026, and over 260 million in 2027. The iPhone 17 Air sold out swiftly in China, which could add 4-6 million units to Apple’s fourth-quarter volumes.

Analyst Amit Daryanani from Evercore ISI also has a positive outlook. He placed Apple on his Tactical Outperform List and maintained a $290 price target. He highlights strong iPhone demand and growth in Apple’s Services segment, suggesting that Apple could exceed expectations in the coming quarters.

Upcoming Earnings
Apple is set to announce its Q4 earnings on October 30, with expectations of $1.76 per share and $101.71 billion in revenue. Analysts believe that the strong interest in the iPhone 17 could give Apple a growth momentum as it moves into 2026.

Current Rating
Overall, Wall Street analysts rate AAPL as a Moderate Buy, based on 21 Buys, 12 Holds, and three Sells in recent months. The average price target of $258.71 suggests a slight downside risk of 1.35%.

In the ever-evolving tech landscape, Apple’s success often hinges on innovation and consumer preferences. The company remains a central player, and its ongoing strategies will be key to maintaining its market position.

For external insights on market trends and Apple’s position, check out Bloomberg for the latest updates.

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