Major Wall Street firms maintain bullish outlooks on Apple stock despite a nearly 9% decline in 2026, with the share price currently around $251.49. Analysts cite strong recent earnings and anticipated product launches, including a foldable iPhone, as catalysts for a potential rebound. The consensus 12-month price target from 24 analysts is $304.66, implying over 22% upside from current levels.
Apple Inc. stock has declined nearly 9% in 2026, with its price trading around $251.49. The consensus 12-month price target from 24 Wall Street analysts is $304.66, suggesting a potential 22.85% upside from the current level.
Bank of America analyst Wamsi Mohan recently reset his price target to $320 from $325, while maintaining a buy rating. The overall analyst rating stands at “Moderate Buy,” with 14 recommending Buy, 9 recommending Hold, and 1 recommending Sell.
Apple reported strong fiscal first-quarter 2026 results, with revenue of $143.8 billion, a 16% year-over-year increase. Earnings per share grew 19% to $2.84, while iPhone revenue jumped 23.3% to $85.27 billion.
Services revenue increased 13.9% to $30.01 billion, and the company’s cash on hand rose to $45.3 billion from $30.3 billion a year earlier. Management has guided for 13%–16% revenue growth for the current quarter.
Analyst sentiment remains positive, pointing to upcoming product cycles. “Our checks in Asia suggest that Apple will likely introduce its first foldable iPhone in 2026,” Bank of America’s Wamsi Mohan wrote.
Wedbush analyst Dan Ives stated, “2026 is going to finally be the year that Apple actually enters the AI Revolution.” Other prominent analysts, including Gene Munster, have characterized the stock’s pullback as a potential long-term entry point.
