Apple Inc. (NASDAQ: AAPL) is trading at the $227 mark on Wednesday in the US stock market. The tech giant recently launched the iPhone 16 globally with strong sales, as several retailers sold out their stocks instantly.
The demand for the iPhone 16 is high, as it comes with high-end processors and maintains its previous price point. The increase in sales could push Apple stocks higher, as fans’ enthusiasm barely dipped.
Also Read: US Stock: Nvidia Price Forecast- How High Can It Rise By Sept’ End?
The price of Apple shares soared close to 23% year-to-date, rising from a low of $184 early this year. AAPL steadily scaled up in the charts and gained momentum in June this year. The leading US stock has been hitting new weekly highs since then but only dipped in value in September.
Also Read: BRICS: Only 3% of US Dollar’s Original Purchasing Power Remains
Now that Apple has successfully launched the iPhone 16, how high will the stock price go in the next 12 months? This article will provide a price prediction of how the US stock Apple could perform in 2025.
US Stock Market: Here’s How High Apple Could Reach in 2025
Source: Apple.com
Leading US stock market prediction and analysis firm TipRanks has painted a rosy picture for Apple stocks in 2025. The firm used analysis from 33 Wall Street strategists to determine the price of Apple stock in the next 12 months.
According to the price prediction, AAPL shares could surge to an average price range of $248 in the next 12 months of 2025. That’s an uptick and return on investment (ROI) of approximately 9.5% from its current price of $227.
Also Read: Buy CrowdStrike Shares: Target $325, Profit of 10.5%
However, if the US stock market ignites a bullish rally, the highest Apple shares could reach is $300, read the forecast. That’s a massive profit of 32% if the forecast is accurate. Therefore, an investment of $1,000 could turn into $1,320 if the price prediction becomes true.
Also Read: When Will Jio Financial Shares Reach a Price Target of 400?
“Based on 33 Wall Street analysts offering 12-month price targets for Apple in the last 3 months. The average price target is $248.89 with a high forecast of $300.00 and a low forecast of $186.00. The average price target represents a 9.46% change from the last price of $227.37,” wrote TipRanks.