Apple To $183? Here Are 10 Top Analyst Forecasts For Wednesday

As Apple Inc. (AAPL) shareholders eagerly await the company's quarterly earnings report, scheduled for Wednesday, analysts have been busy revising their price targets and ratings. The tech giant's stock has been on a rollercoaster ride, with recent news of iPhone sales slumping in China and mixed reviews of the iPhone 16's AI features weighing on investor sentiment. With the earnings report looming, let's take a look at what ten top analysts have to say about Apple's stock price.



1. Tim Long, Barclays: Tim Long, an analyst at Barclays, has maintained a 'Sell' rating on Apple stock, with a price target of $183. He believes that Apple's iPhone sales in China are a significant concern, and the company's AI-powered iPhone 16 has had mixed reviews, with its biggest feature unavailable in China.
2. Ananda Baruah, Loop Capital: Ananda Baruah, an analyst at Loop Capital, has downgraded Apple from 'Strong Buy' to 'Hold', with a price target of $230. He cited weak iPhone demand and a weakening consumer electronics market as reasons for the downgrade.
3. Samik Chatterjee, J.P. Morgan: Samik Chatterjee, an analyst at J.P. Morgan, has maintained a 'Buy' rating on Apple stock, with a price target of $260. He believes that Apple's AI-powered iPhone 16 has had a positive reception, and the company's services and wearables offer growth potential.
4. Laura Martin, Needham: Laura Martin, an analyst at Needham, has reiterated her 'Strong Buy' rating on Apple stock, with a price target of $260. She believes that Apple's AI strategy will spur a 'golden era of growth' for the company.
5. Kyle Mcnealy, Jefferies: Kyle Mcnealy, an analyst at Jefferies, has downgraded Apple from 'Hold' to 'Sell', with a price target of $201. He cited flagging iPhone sales and weak demand for the company's AI features as reasons for the downgrade.
6. Craig Moffett, MoffettNathanson: Craig Moffett, an analyst at MoffettNathanson, has downgraded Apple from 'Hold' to 'Sell', with a price target of $188. He believes that Apple's product flops and market woes, coupled with lofty valuations, make the stock a risky bet.
7. Toni Sacconaghi, Bernstein: Toni Sacconaghi, an analyst at Bernstein, has raised his price target on Apple stock to $260, maintaining his 'Buy' rating. He believes that Apple's pricing power remains robust, and the company will continue to raise prices on its products.
8. Wamsi Mohan, B of A Securities: Wamsi Mohan, an analyst at B of A Securities, has maintained a 'Buy' rating on Apple stock, with a price target of $256. He believes that Apple's strong brand and ecosystem will drive growth in the coming years.
9. Daniel Ives, Wedbush: Daniel Ives, an analyst at Wedbush, has raised his price target on Apple stock to $325, maintaining his 'Outperform' rating. He believes that Apple's AI strategy will drive significant growth in the coming years.
10. Erik Woodring, Morgan Stanley: Erik Woodring, an analyst at Morgan Stanley, has maintained an 'Overweight' rating on Apple stock, with a price target of $273. He believes that Apple's strong product pipeline and services growth will drive the company's stock price higher.



As we can see, analysts' views on Apple's stock price vary widely, with price targets ranging from $183 to $325. Some analysts, like Tim Long and Craig Moffett, are more cautious due to concerns about iPhone sales and AI feature adoption. Others, such as Laura Martin and Daniel Ives, are more optimistic about Apple's growth prospects, particularly in the AI and services sectors. As Apple's earnings report approaches, investors will be closely watching the company's financial performance and guidance to determine the stock's direction.