Weekly forecast: Apple stock hits record high as investors eye $270 target

Weekly forecast: Apple stock hits record high as investors eye $270 target
Apple shares surge amid AI expansion and iPhone 17 demand

​Apple Inc. shares set new all-time high at $265 this week and remain near that level — above $270. Analyst Anton Kharitonov believes AAPL could reach $270 in the coming weeks, although some commentators call the stock “overpriced.”

Breaking the previous all-time high earlier in the week sparked momentum buying and boosted trader confidence. The rally was supported by a favorable macroeconomic backdrop — falling U.S. inflation, expectations of Federal Reserve rate cuts, and anticipation of the company’s quarterly earnings on October 30, which are likely to be positive amid strong demand for the new iPhone 17.

This week, Apple also began shipping its new artificial-intelligence servers assembled at its Houston plant. These servers, equipped with specialized chips enabling privacy-focused AI features, will be deployed in Apple data centers across the U.S. The project is part of the company’s $600 billion domestic investment program.

“Our teams did an incredible job accelerating the Houston plant launch ahead of schedule, and we plan to expand production next year,” said Apple COO Sabih Khan.

U.S. President Donald Trump continues to urge Apple to produce iPhones domestically, while CEO Tim Cook noted that assembly will likely remain overseas for now — though Apple intends to source more critical chips and components from the United States.

The China factor and upcoming talks

Rising U.S.–China trade tensions continue to raise cost risks for Apple’s supply chain, still heavily reliant on Chinese manufacturing. The world is watching next week’s Trump-Xi meeting in Seoul, with Treasury Secretary Scott Bessent announcing a “very successful negotiation framework” for the upcoming summit.

“Apple is once again showing leadership — with strong device demand and a new structural growth story, its shares could reach the $290–$300 range in the coming months,” said analyst Viktoras Karapetjanc.

Positive forecasts, however, could be offset by unexpected geopolitical shocks or a lack of compromise during the Seoul negotiations. In that case, AAPL might retreat toward $245–$255, where the MA Ribbon indicates the 20- and 50-day SMAs.

AAPL stock daily chart. Source: TradingView

A more severe correction could send it down to the 100- and 200-day SMAs — around $222–$227. Still, barring major setbacks, Apple shares are likely to continue their gradual climb and may even set another all-time high in the coming week.

As we wrote, Apple: bullish technicals with indecisive signals led to consolidation near $258

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.