Apple shares hit record on rating upgrade, strong demand
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More news: Shares in Apple continued to rise on Monday, climbing as much as 3.1% to USD260.20 ($399.69), surpassing an all-time high that had stood since December last year.
The tech giant’s recent strength comes as its latest iPhone lineup garnered stronger demand than anticipated and fanning hopes that a cycle upgrade could be in the pipeline.
Investment firm Loop Capital also upgraded the tech giant to buy from hold on Monday, raising its price target to USD315 per share from USD226, implying nearly 25% upside from Friday’s close.
Apple shares near all-time high on Loop Capital rating upgrade
The news: Shares in Apple were trading near record levels on Monday after investment firm Loop Capital upgraded the tech giant to buy from hold.
The numbers: Loop raised its priced target to USD315 per share from USD226, implying nearly 25% upside from Friday’s close.
Shares in Apple rose 1.8% at the open of US trading, putting it about 0.5% below an all-time closing high hit in December, Bloomberg reported. Despite recent strength, Apple is up about 3% for 2025, underperforming the 19% gain of the Nasdaq 100 Index.
The context: “We are now at the front end of Apple’s long-anticipated adoption cycle that suggests ongoing iPhone shipment expansion through CY2027,” wrote Loop analyst Ananda Baruah.
This reflects “a combination of refresh cycle and demand catalyzed by new design cycles,” and that “while [Wall] Street is baking in some degree of outperformance from AAPL’s iPhone 17 family of products, we believe there remains material upside to Street expectations through CY2027.”
A separate note from Loop analyst John Donovan further touted “surging demand” for the iPhone 17, Bloomberg reported. “It is clear to see that the iPhone 17 results are far better than anticipated,” as “total iPhone shipments in CQ3 2025 of 56.5 million blows past all expectations.”
