Quick Read – Apple (AAPL) earns a BUY at $361.72 as iPhone 17 drove quarterly revenue to $111 billion and Services hit an all-time record $31 billion. – Tesla (TSLA) missed Q2 EPS at $0.33 versus $0.54 expected and trades at a forward P/E of 161 versus Apple’s 34, down 17% year…
date. – Apple’s $378 bull case rests on 2.5 billion active devices, a $100 billion buyback, and an 89% probability of a foldable iPhone before 2027. – Wall Street is cutting Tesla after a bruising earnings miss, while Apple’s analyst community quietly nudges targets higher on a surging iPhone 17 cycle. Our proprietary model reflects that divergence
Apple (NASDAQ:AAPL) closed at $325.89 on July 22, and the 24/7 Wall St. price target for Apple is $361.72, implying 11% upside over the next 12 months. Our recommendation is a buy at a 90% confidence level. 24/7 Wall St. Price Target Summary An iPhone 17 Cycle That Keeps Surprising to the Upside Apple shares are up 20.1% year to date, 9.72% in the last month, and 52.61% over the trailing year.
Fiscal Q2 2026 revenue climbed 16.6% year over year to $111.18 billion, EPS came in at $2.01 versus $1.94 expected, and iPhone revenue surged to $56.99 billion on what Tim Cook called “extraordinary demand for iPhone 17 lineup.” Services set an all-time record at $30.98 billion. Bloomberg reports Apple is preparing a major Mac refresh this fall including its first OLED touchscreen MacBook Pro, and prediction markets price a 96.6% probability that an iPhone 18 launches in 2026. The Case for $380 and Higher Apple’s installed base of over 2.5 billion active devices becomes the launchpad for a Services business compounding at double-digit rates, a paid Apple Intelligence tier, and a rumored foldable iPhone (prediction markets assign 88.5% odds of a foldable arriving before 2027).