1 Wall Street Analyst Thinks Apple Stock Is Going to $260. Is It a Buy?

Core Viewpoint - Apple is expected to continue delivering strong returns for shareholders, with potential for a double-digit price increase into 2025 [1] Financial Performance - Apple's fiscal first quarter of 2025 results were generally in line with analyst expectations, with product revenue increasing by 1% year-over-year to just under $98 billion, while services revenue surged by 14% to over $26 billion [3] Analyst Sentiment - Evercore ISI's analyst Amit Daryanani maintains a bullish outlook on Apple, reiterating an outperform recommendation and a price target of $260 per share [2] - Daryanani is optimistic about Apple's ability to offset weakened demand in China through growth in emerging markets and strong sales of the budget iPhone SE model [4] Growth Potential - The company has significant growth potential in services, which is viewed as a bright spot, and has various strategies to sustain growth in this category [5]