WS Investor
13 Jul 2026, 15:10
Apple (AAPL) Stock Rises After Citigroup Raises Price Target to $365
Apple (NASDAQ: AAPL) shares gained approximately 1.2% after Citigroup reiterated its Buy rating and raised its price target to $365 from $315.
The higher target comes as investors remain focused on Apple’s ability to expand its artificial intelligence capabilities, strengthen its services ecosystem, and support long-term revenue growth through new product cycles.
Citigroup’s rating action reflects a more constructive valuation outlook, while the unchanged Buy recommendation signals continued confidence in the company’s broader earnings potential.
Apple continues to benefit from its large installed device base, recurring services revenue, and strong cash generation. At the same time, investor expectations remain high around future AI integration across the iPhone, Mac, and other products.
Several factors supported the stock:
* Citigroup raised its price target to $365 from $315.
* The firm maintained its Buy rating.
* Investors remain optimistic about Apple’s AI strategy and services growth.
* The company’s ecosystem and recurring revenue base continue to support its long-term outlook.
The positive analyst update helped strengthen investor sentiment, lifting Apple shares during the session.
Apple (NASDAQ: AAPL) shares gained approximately 1.2% after Citigroup reiterated its Buy rating and raised its price target to $365 from $315.
The higher target comes as investors remain focused on Apple’s ability to expand its artificial intelligence capabilities, strengthen its services ecosystem, and support long-term revenue growth through new product cycles.
Citigroup’s rating action reflects a more constructive valuation outlook, while the unchanged Buy recommendation signals continued confidence in the company’s broader earnings potential.
Apple continues to benefit from its large installed device base, recurring services revenue, and strong cash generation. At the same time, investor expectations remain high around future AI integration across the iPhone, Mac, and other products.
Several factors supported the stock:
* Citigroup raised its price target to $365 from $315.
* The firm maintained its Buy rating.
* Investors remain optimistic about Apple’s AI strategy and services growth.
* The company’s ecosystem and recurring revenue base continue to support its long-term outlook.
The positive analyst update helped strengthen investor sentiment, lifting Apple shares during the session.