Apple’s stock price is set to open near record levels on Monday, rising 1.4% in premarket trading, positioning the stock within reach of its all-time high from December, which it last closed 2.6% below. This follows Loop Capital’s upgrade of the stock to buy from hold, citing stronger iPhone demand trends.
Analyst Ananda Baruah noted, “We are now at the front end of Apple’s long-anticipated adoption cycle that suggests ongoing iPhone shipment expansion through CY2027,” driven by “a combination of refresh cycle and demand catalyzed by new design cycles.”
Loop also raised its price target to a Street-high $315 from $226, implying a 25% upside from Friday’s close.
Additionally, Loop analyst John Donovan highlighted “surging demand” for the iPhone 17, stating, “It is clear to see that the iPhone 17 results are far better than anticipated,” with “total iPhone shipments in CQ3 2025 of 56.5 million blows past all expectations.”
MacDailyNews Take: Apple’s all-time high of $260.10 was set on December 26, 2024. Apple’s high for 2025 was $259.24, set on October 3rd.
“Sub-$170 AAPL seems like an absolute gift to us…” – MacDailyNews, April 8, 2025
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