Apple stock (AAPL) will end 2024 with a roughly 30% climb, with analysts at JPMorgan projecting even more gains next year. Several Wall Street experts are staking predictions on AAPL to be a top stock option in 2025, rivaling Nvidia and other Mag-7 members. JPMorgan Chase analysts are some of these experts, upping their price predictions for Apple stock.
Apple stock has turned around an early slump to be among the market leaders this year. The iPhone maker can keep rising next year, even if artificial intelligence doesn’t provide a sales boost, according to JP Morgan’s Samik Chatterjee. The long-awaited Apple Intelligence software is already turning heads as the software becomes a permanent fixture in future Apple devices. The broader availability of Apple Intelligence starting in fiscal 2025 could drive a surge in demand, meaning further gains for Apple and investor stocks.
JPMorgan Sends Bullish Signals for Apple Stock in 2025
Chatterjee expects that boost to eventually come through with the expected launch of the iPhone 17. That should drive iPhone sales from 230 million units in Apple’s fiscal 2025 year to 251 million in fiscal 2026 in his view. Additionally, Chatterjee has an Overweight rating and price target of $265 on Apple stock for the end of next year.
“The bull case without AI hinges on healthy revenue and earnings growth led by Services revenue growth and margins with limited further downside on iPhone volumes and an intact premium valuation while investors await data points around consumer traction for AI features,” Chatterjee wrote in a recent note.
Also Read: Federal Reserve Cuts Interest Rates Another 25 Bps Before 2025
Furthermore, Morgan Stanley analysts also believe that Apple Inc (AAPL) is the top stock to invest in 2025. The firm’s analysts cite several key indicators of possible growth for the leading tech stock. The firm forecasts iPhone shipments to rise 12% year-over-year to 258 million units in fiscal 2026. Features like upgraded Siri, AI image tools, and ChatGPT integration will all drive demand. In addition, Morgan Stanley projects Apple’s services segment to sustain double-digit growth in 2025, as well as its gross margins to expand.
At press time, Apple Stock is up just over 2% in the last week, hoping to see one more pump before New Year’s.