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Apple Stock Forecast: Analysts Believe It'll Reach New Highs

But there's a wide range in their predictions.

Apple stock is on a roll. The tech giant's shares have surged by more than 75% in the past year, fueled by strong demand for its new iPhone 12 models and the growth of its services businesses. And now, analysts are predicting that Apple's stock will continue to rise in the coming months.

In a recent survey of 30 analysts, The Wall Street Journal found that the average price target for Apple stock is $2,046. That's a significant increase from the current price of $1,735. The low estimate in the survey was $1,58 and the high estimate was $2,250. The median price target was $2,000.

There are a number of reasons why analysts are so bullish on Apple stock. One reason is the strong demand for the iPhone 12 models. Apple sold more than 100 million iPhones in the first quarter of 2021, and analysts believe that demand will remain strong in the coming months.

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