Apple (AAPL) stock had a rocky 2026, but remains up 8% YTD. Since April’s stock plummet, AAPL has slowly tracked back upward, having a successful Fall campaign after its iPhone 17 launch event. Revenue for the iPhone developer has been strong this year, and entering 2026, Wall Street suggests that trend will continue. As a result, numerous stock forecasts for AAPL stock have been raised, with Morgan Stanley and Jeffries bringing the latest upgrades.
An expert analyst at Jeffries has signaled that Apple Inc. (AAPL) is set to outperform in the first quarter of 2026, raising their forecast for AAPL stock. Jefferies analyst Edison Lee raised the firm’s price target on Apple (AAPL) to $283.36 from $246.99. However, the analyst did maintain a Hold rating on the shares, not blowing the horn just yet on rating them a buy. Jeffries projects Apple to see strong sales in Q1 2026, raising Q1 and FY26 iPhone unit estimates by 7% and 3%, respectively. Edison Lee also believes Apple is highly resilient to memory cost hikes owing to its high average selling prices.
In addition, Morgan Stanley analysts have also reiterated ther Overweight rating on Apple (AAPL) stock and increased the price target to $315 from $305. The investment bank hiked the price target to reflect a 32X expected fiscal 2027 earnings per share estimate of $9.83, up from the previous forecast of $9.55. Also, Morgan Stanley expects the company’s gross margins to take a hit from higher input costs for memory.
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Per CoinCodex AAPL analysis, Apple may reach a new high of $305 by March 31st. The stock may average at $285 around March 3 before spiking up eventually. “According to our current Apple stock forecast, the value of AAPL shares will drop by -0.26% and reach $285.46 per share by March 3, 2026. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 39 (fear). AAPL stock recorded 16/30 (53%) green days with 2.08% price volatility over the last 30 days.”
At press time, AAPL is trading near the top of its 52-week range and above its 200-day simple moving average. Its $270 price at press time is down from its $288 peak earlier this month.