Apple Inc. S.
Mohan reiterated a Buy rating on Apple with a $370 price forecast. S.
Maximum trade-in credits for the iPhone 18 Pro Max have climbed to $1,200. That compares with $1,100 for the iPhone 17 Pro Max and $1,000 for the iPhone 16 Pro Max.
The analyst expects a strong iPhone cycle, supported by higher average selling prices and adoption of the iPhone Duo. Bank of America noted that current promotions target customers with relatively recent iPhones.
Verizon Communications Inc. and AT&T Inc.
generally require an iPhone 14 or newer to qualify for the maximum $1,200 credit. S.
Inc. AI, Services Support Bull CaseMohan’s broader bullish thesis rests on a multiyear iPhone upgrade cycle driven partly by the hardware needed for generative AI features.
98 per share. Risks include a weaker iPhone cycle, slower Services growth, execution challenges around agentic Siri, tariffs and longer smartphone replacement cycles.
See More: Top Value Stocks Apple Stock Nears 52-Week HighApple stock rose nearly 1% Thursday as a broad market rally lifted mega-cap technology stocks. Apple remains in a strong longer-term uptrend.
32. 07.
Momentum also remains positive. The MACD is above its signal line, while the histogram is positive.
In addition, the 20-day SMA remains above the 50-day SMA. 57.
ETF ExposureApple is a major holding in several ETFs. 74% weighting.
72 at the time of publication on Thursday.
