Why We Think Apple Is Headed to $303 Over the Next 12 Months

Apple (NASDAQ:AAPL) sits astatine $251.49, down 7% twelvemonth to date. Our 24/7 Wall St. Price Target is $303.45, implying upside of 20.66% implicit the adjacent 12 months. The 24/7 Wall St. exemplary rates the banal a BUY, with 90% confidence.

Apple is trading 7.41% beneath its year-end 2025 adjacent and 4.95% little implicit the past month, contempt a beardown January net report. The banal remains beneath its 52-week precocious of $288.35. Shares are inactive up 15.71% connected a one-year basis, suggesting the pullback is simply a reset alternatively than a breakdown.

Q1 FY2026 net were strong. Revenue came successful astatine $143.76 billion, beating estimates by 3.78% and increasing 15.65% twelvemonth implicit year. EPS of $2.84 topped the $2.67 statement estimation by 6.34%.

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Tim Cook called it "a remarkable, record-breaking quarter." iPhone gross deed $85.27 billion, up 23.3% twelvemonth implicit year, and Services acceptable an all-time grounds astatine $30.01 billion, up 14%. The banal closed astatine $259.45 connected filing time and has since drifted little connected macro and tariff concerns.

Three drivers enactment the bull case. First, Apple Intelligence is scaling fast. Cook noted "the bulk of users connected enabled iPhones are actively leveraging the powerfulness of Apple Intelligence," and Alphabet’s (NASDAQ: GOOG) concern connected next-generation instauration models could accelerate Services monetization.

Second, India is an emerging maturation engine. Apple acceptable quarterly gross records successful India crossed iPhone, Mac, and iPad successful the December quarter, with the installed basal increasing astatine a double-digit rate.