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Analyst sets date when Apple stock will hit $240
AAPLApple(AAPL) Finbold·2025-06-03 11:42

Group 1 - Citi has reiterated its Buy rating for Apple with a price target of 240forthenext12months,reflectingconfidenceinApple′scustomsiliconchipandAIupdates[1]−Thecurrentuserbaseof2.35billionuserspresentssignificantmarketpotentialforApple[1]−AtifMaliknotedthatApple′sAImodelsmaybecomeaccessibletothird−partydevelopers,enhancingApple′spositionintheAIsector[2]Group2−Thenewpricetargetof240 for the next 12 months, reflecting confidence in Apple's custom silicon chip and AI updates [1] - The current user base of 2.35 billion users presents significant market potential for Apple [1] - Atif Malik noted that Apple's AI models may become accessible to third-party developers, enhancing Apple's position in the AI sector [2] Group 2 - The new price target of 240 represents an upside potential of 18.99% and an average return of +8.65% from the current price [2] - Although some AI-powered Siri features have been delayed until 2026, significant updates may still be introduced at the 2025 Worldwide Developers Conference (WWDC) [3] - Apple's financials show a 4.91% year-over-year revenue increase and a gross profit margin of 46.63%, contributing to its return to the top global smartphone sales position in Q1 2025 [4] Group 3 - Morgan Stanley has also reiterated its Buy rating for Apple, with a slightly lower price target of $235 [4]