Apple (AAPL) has unveiled new AI technology it’s implementing into its newest devices, Apple Intelligence. The software is Apple’s latest venture into artificial intelligence, a sector that is growing in value. While the iPhone maker is already a leader in telecommunications, AI could be the next catalyst for AAPL stock, which is already on the rise.
Apple stock is down 11% YTD thus far. AAPL is trading in the middle of its 52-week range and below its 200-day simple moving average. Despite its slumping start to 2025, investors are still buying in, projecting a strong rebound for the stock soon. Accordingly, price projections for AAPL are near ATH levels. Experts believe that Apple’s continuously strong revenue and latest AI developments could spark this surge, especially as the markets look to battle off recession concerns.
Analysts at CNN still see AAPL stock reaching a new high in the next calendar year. Investors are still evaluating the share price, but the stock still appears to have some downward momentum. This is a negative sign for the stock’s future value. However, it could mark a buying opportunity for buy-the-dip investors. Additionally, despite the downward momentum, the CNN forecast remains bullish, especially as Q1 2025 revenue is promising.
Also Read: Tesla Stock: Has TSLA Bottomed Out in Price?
With the stock currently sitting at around $213, CNN projects Apple (AAPL) to hit a median price of $255.00 in the next 365 days, reflecting a 19% gain from current prices. The analysts suggest that if all goes well, Apple stock could even go as high as $325.00, a 52% ROI from current prices. While this is good news, bears are still gaining ground, with more analysts suggesting to sell the stock now than a month ago. According to CNN, out of 50 experts, 62% suggest to buy AAPL stock, 28% to hold, and 10% to sell.
As mentioned previously, most tech stocks are at low prices right now, and it may be a convenient time to buy the dip. Stock and commodity analyst Larry Williams explained that the best time to accumulate Apple, Nvidia, and Tesla stocks is now. He explained that the tech giants are available at discounted prices and might not stay at the bottom for long. The analyst stressed that now is the best time to indulge in bottom fishing to reap the benefits in the long term. “You can have a good stock but if you don’t buy it at the right time you can still have problems. Right here, right now is probably the right time,” Williams said on StockCharts TV.