On July 24, Apple rose 3.13% in regular trading, trading at $331.72/share. Multiple positive catalysts converged ahead of the company's fiscal Q3 earnings report scheduled for July 30.
On the analyst front, Morgan Stanley raised its price target on Apple from $360 to $364, maintaining an overweight rating and expressing an optimistic outlook for the next 12 months. The average analyst target stands at $321.38. Meanwhile, Apple was reported to be planning a comprehensive Mac product line overhaul to capture AI-driven demand, including a next-generation MacBook Neo featuring the A19 Pro chip and OLED touchscreen MacBook Pro models.
Additionally, market research firm Counterpoint Research projects Apple will launch its first foldable iPhone in September, potentially capturing 25% of the foldable market in its debut year. iPhone 18 Pro series production has entered ramp-up phase at Foxconn. Last quarter, Apple posted revenue of $111.18 billion (up 16.6% YoY) with EPS of $2.01 (up 21.8% YoY), setting high expectations for continued momentum.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
