The US stock market rebounded in a big way this week. Indeed, with geopolitical tension easing and trade deals imminent, there is a bullish sentiment beginning to arrive. Throughout the week so far, the S&P 500 gained so much that it was able to erase 2025 losses driven by an increasingly volatile year. That has greatly benefited some of the top tech stocks on Wall Street, including Apple (AAPL).
AAPL is up 6.8% in the past week, but some investors see the stock rebounding even further over the next few months. Apple’s ongoing climb comes as tech stocks experience renewed investor confidence despite ongoing and persistent supply chain risks and also serious concerns about Apple’s heavy reliance on China for manufacturing. Apple stock’s impressive performance currently hinges on its long-standing manufacturing relationship with China. The relationship creates both strategic advantages and potential vulnerabilities for AAPL investors.
Apple stock continues to benefit from this temporary agreement, though investors are, at present, watching closely as further negotiations addressing intellectual property issues and also WTO concerns will be needed in the coming year.
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Solid Earnings and Share Buyback Could Send AAPL Higher
Furthermore, Apple’s Q1 2025 earnings and renewed shareholder-focused strategies have reignited investor confidence in AAPL. Apple reported $95.4 billion in revenue for the quarter, with a net profit of $24.8 billion. Earnings per share (EPS) also climbed to $1.65, setting a new March quarter record. The Services segment delivered its highest-ever revenue, underlining Apple’s success in expanding beyond hardware. On top of the solid earnings, Apple authorized a substantial $100 billion stock buyback, reinforcing its long-term confidence and commitment to enhancing shareholder value. Investors reacted positively to the news, sending AAPL higher.
Analysts remain in the middle of the road when forecasting Apple (AAPL) stock. While the stock could go as high as $300 according to CNN analysts, it could also fall another 30% back to $141. However, CNN’s median AAPL stock price prediction appears to settle around $235 over the next 12 months, an 11% ROI from current prices. Should Apple’s next earnings report outperform once again, though, AAPL stock could become even more valuable.