Apple's New iPhone 17 Lineup Has Wall Street Already Looking to Next Year

Core Insights - Apple introduced a new iPhone 17 lineup, featuring a thinner model that exceeded some analysts' expectations, but left many fans wanting more [1] - The stock has seen a decline of almost 2% since the launch, and over 6% since the beginning of the year, making it the worst performer among the Magnificent 7 for 2025 [2] - Analysts are divided on the stock's potential for growth, with a mean target around $240 suggesting less than a 3% gain from current levels [3] Analyst Perspectives - HSBC analysts noted that Apple is not delivering on all promises made for 2024, maintaining a neutral rating after the event [4] - Citi analysts suggested that the new iPhone Air may be setting the stage for a foldable phone next year, which could drive a stronger replacement cycle [5] - Morgan Stanley analysts expect significant updates in Apple Intelligence around March-June 2026, potentially involving partnerships with companies like Google and OpenAI [6] Market Reactions - Despite the mixed reviews, Morgan Stanley analysts remain optimistic about the stock and would consider buying on any weakness following the event [8]