Apple Just Hit an All-time High. HSBC Thinks It Can Climb Even Higher

Quick Read - Apple hit an all-time high of $333 and carries a BUY rating with a $364 price target implying 9% upside over 12 months. - China's approval of Apple Intelligence with Alibaba and Baidu drove a 4% single-session gain and removed the biggest overhang on Greater China...

Quick Read – Apple hit an all-time high of $333 and carries a BUY rating with a $364 price target implying 9% upside over 12 months. – China’s approval of Apple Intelligence with Alibaba and Baidu drove a 4% single-session gain and removed the biggest overhang on Greater China…

venue. – Microsoft trades at a cheaper P/E of 29 and Alphabet grew revenue 22% with Google Cloud up 63%, framing Apple’s premium multiple as defensible. – Apple just closed at a fresh all-time high. Apple (NASDAQ:AAPL) trades at $333.26 after a 5.39% weekly gain and a 22.81% year-to-date gain

Our 24/7 Wall St. price target for Apple is $363.77, implying another 9.15% of upside over the next 12 months. The recommendation is buy, with confidence at 90%. How Apple Powered Through Every Headwind and Hit $333 Apple has climbed 11.37% over the past month and 59.21% over the past year.

The March quarter delivered $111.2 billion in revenue, up 16.6% year over year, with EPS of $2.01 beating the $1.94 consensus for an eighth consecutive quarterly beat. iPhone hit $56.99 billion on iPhone 17 demand, and Services set another record at $30.98 billion. Management authorized a fresh $100 billion buyback and raised the dividend 4%. On July 16, 2026, Apple received Chinese government approval to roll out Apple Intelligence features with Alibaba and Baidu partners, pushing the stock 4.2% higher in one session.

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