In "The Big Banks," Citigroup raises Apple's target price to $330 and maintains a "Outperform" rating

Citi's research report points out that even as people remain hopeful about AI solutions, Apple (AAPL.US) still exhibits financial predictability comparable to that of consumer staples. At the very least, Apple can fix Siri and allow in-app access, greatly stimulating developers' creativity. On the other hand, iPhone sales are soaring to new highs, driving Apple's revenue and profit growth by 3% to 5% for the fiscal years 2026 to 2027.

Citi has raised its target price for Apple from $265 to $330 based on a price-to-earnings ratio of 35 times its fiscal year 2027 forecast; it maintains an "Outperform" rating. It also believes that Apple holds a unique position in today's AI field, and if it can resolve the delays in launching its AI products, there is still significant upside potential for its stock price