Apple (AAPL) stock reached a new all-time high this week, crossing $317 for the first time. Shares have risen 7% in the past month as the iPhone maker integrates AI capabilities. Despite earlier investor concerns over pricing and economic factors, the stock has shown resilience. Wall Street has raised price targets, with Citi maintaining a Buy rating and upgrading its forecast to $365 from $315. Apple is scheduled to report its next quarterly earnings on July 30, with analysts projecting an EPS of $1.89. The company’s Q2 2026 earnings exceeded estimates at $2.01 per share. A Counterpoint Research report shows Apple grew iPhone shipments by 3% year-over-year, capturing a record 20% share of global smartphone shipments.
Apple (AAPL) stock has surpassed its previous all-time high this week, crossing the $317 mark for the first time. Shares have gained 7% over the past month as the iPhone developer finally delves into its AI capabilities. Despite earlier investor worries following its summer keynote, pricing promises, and economic factors, the stock has shown resilience. Wall Street is now raising price targets again, suggesting a further all-time high may follow.
Apple is scheduled to announce its next quarterly earnings on July 30. The company reported its most recent earnings on April 30 for Q2 2026, posting an earnings per share of $2.01, which exceeded analysts’ $1.94 estimate by 3.61%. For July 30, analysts project an EPS of $1.89, a lower target but one that could once again be beaten.
On Monday, analysts at Citi rated AAPL stock with that possibility in mind, maintaining its Buy rating. The firm highlights Apple’s ability to gain market share even as the broader smartphone and PC markets face headwinds. According to Citi, Apple “continues to outperform the broader smartphone market through share gains, design-driven demand, and strong positioning in the mid-range price segment via promotions and subsidies.” Citi also upgraded its AAPL forecast to $365 from $315.
With Citi and other firms bullish, the path looks brighter for Apple compared to last year. Although the tech giant was late to the AI race, Apple and its stock are riding big momentum. According to a new Counterpoint Research report, Apple grew iPhone shipments by 3% year-over-year and captured a record 20% share of global smartphone shipments despite an industry-wide downturn. The resilience of the iPhone maker is considered one of the strongest bull cases among investors, leading to an overall buy rating across firms. There appears to be a clear view that Apple’s financials are headed in the right direction, with expectations of a 17% increase in net income during the current fiscal year.
