Apple (AAPL) stock has rebounded in the past week following a horrid start to April 2025. The stock is currently trading just over $200 a share, rebounding from under $190 just seven days ago. The iPhone maker’s shares dropped following tariff threats at the beginning of April and are still riding a wave of uncertainty. This caused several analysts and bank experts to cut their forecasts for several top stocks, such as Apple Inc.
Analysts at JPMorgan, in particular, have shaven their upcoming price forecast for Apple (AAPL) stock. On Monday, the analysts adjusted their outlook on Apple, reducing the stock’s price target from $270.00 to $245.00. On the other hand, they also maintained an overweight rating on the shares, suggesting there is still potential to outperform.
JPMorgan: Apple Stock May Still Overperform
JPMorgan anticipates that the tariff exemptions will boost investor confidence in the hardware industry, including Apple, by suggesting that direct cost impacts may be less severe than initially feared. This sentiment is likely to contribute to a re-rating of Apple shares and those of other companies covered by the firm. For now, forecasts are low, but this suggests that won’t be long.
Furthermore, JPMorgan suggests that investors could look to Services growth and margin expansion as the primary drivers of share price returns. Apple has maintained dividend payments for 14 consecutive years and continues aggressive share buybacks, demonstrating strong shareholder returns. Thus, risks appear to be much lower if the pattern continues.
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Apple’s stock is trading near the bottom of its 52-week range and below its 200-day simple moving average. Amid the tariff turmoil, it’s leading the fall-off for big tech in the past month. While some experts suggest that the dip won’t last for long and you should buy now, many also suggest that the worst is yet to come. Should the trade war between the US and China continue throughout the year, Apple (AAPL) may be one of the biggest victims.
Ultimately, the current US stock market is extremely volatile. Amid geopolitical concerns and brewing trade wars, Wall Street has been forced to embrace uncertainty. Thus, many analysts are suggesting to buy the dip on big tech stocks like Apple (AAPL) that are currently trading at much cheaper prices.