Apple stock (NASDAQ: AAPL) opened Thursday’s bell trading at $287 and remains on the front foot in May. It surged nearly 7% this month and continued its stellar April performance, where it rose close to 14%. The leading global phone maker is slowly moving up the charts, and the retail crowd is catching up with the price rise.
Even after a year, Apple stock failed to climb above the $300 level but had plunged to a low of $180, all thanks to Trump’s Liberation Day announcement, where the stock market experienced a major crash. Trump’s tariffs and trade wars kept AAPL in the crosshairs of the market. Then the conflict in Iran also stunted its growth as oil prices surged across the globe.
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How Long Until Apple Stock Reaches $350? (AAPL)
Leading stock market analytical firm TipRanks predicts that Apple stock could reach $350 in the next 12 months. AAPL has received a moderate buy rating with 17 Wall Street analysts urging traders to take an entry position. 10 strategists have given the equity a hold rating, while only one has given a sell call.
If the price prediction turns out to be accurate, Apple stock is expected to surge approximately 22% from its current price of $287. Therefore, an investment of $1,000 could turn into $1,200+ if the price prediction turns out to be accurate. That’s stellar returns, as not every asset delivers double-digit gains in the charts in a year.
On the downside, the price prediction warns that Apple stock could fall to a low of $250 if the market experiences turbulence. That’s a decline of nearly 13% from its current value. Also, in the coming months, AAPL’s average trading price could be around the $312 range, according to the forecast. AAPL is expected to climb above the $300 level next if it sustains the ongoing momentum.