Leading tech giant Apple Inc’s stock AAPL is trading at the $242 price range on Wednesday, January 9, 2025. The stock is mostly moving sideways this year after SVB Financial Group’s MoffettNathanson downgraded its ratings from ‘neutral’ to ‘sell.’ The downgrade has stirred concerns about its prospects this year as the firm is engulfed in fresh legal battles. The tech giant was slapped with a lawsuit accusing the voice assistant Siri of ‘listening’ to users.
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However, Apple has denied any wrongdoings but if found guilty, the firm will have to pay $95 million in settlements. In addition, the firm is also offering Indonesia $1 billion to lift the ban on sales across the country. Indonesia has rejected the offer and the company needs to negotiate further with the government to conclude. All these developments put a question mark on Apple stock’s prospects leading to investors believe it could be a bad bet in 2025.
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AAPL Stock: Wall Street Strategists Predict Apple Can Breach $300 in 2025
Despite the negativity surrounding Apple stock, 29 Wall Street strategists predict AAPL could breach $300 in 2025, according to TipRanks. The price prediction indicates that AAPL could surge to a maximum high of $325 this year. That’s an uptick and return on investment (ROI) of approximately 34% from its current price of $242. Therefore, an investment of $1,000 could turn into $1,340 if the forecast turns out to be accurate.
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On the flipside, Apple stock could also dip to the $184 mark if things go out of control in 2025. That’s a 25% dip from its current price and is considered a steep loss if it occurs. “Based on 29 Wall Street analysts offering 12-month price targets for Apple in the last 3 months. The average price target is $244.77 with a high forecast of $325.00 and a low forecast of $184.00. The average price target represents a 0.85% change from the last price of $242.70,” read the price prediction.