Wall Street forecasts Apple stock price for next 12 months

Core Viewpoint - Apple is expected to enter a strong upgrade cycle, with a stock price target raised to $310 from $270, indicating optimism for a rebound in performance [1] Group 1: Demand and Sales Expectations - Strong demand for iPhone 17 Pro models is being observed, with shipping times indicating a high interest level [2] - The iPhone 17 Air is anticipated to be a significant success, with 30% of customers in U.S. stores specifically seeking this model [3] - Apple is projected to ship between 240 million to 250 million iPhones in the current cycle, surpassing the consensus estimate of around 230 million units [4] Group 2: Market Position and Future Outlook - Apple has lagged behind peers like Nvidia and Microsoft in 2025, but the iPhone 17 cycle could restore momentum and investor confidence [5] - The company has a large base of 315 million iPhone users who have not upgraded in four years, providing a substantial opportunity for growth [2]