Apple Stock Could Soar as Analyst Doubles iPhone Duo Forecast

Apple stock forecast talk got a lot more interesting overnight, and it’s mostly because of one analyst who just doubled his outlook on the iPhone Duo. Shares of Apple, Inc. (AAPL) edged about 0.5% higher early Thursday, which is a nice change after three losing sessions in a row pushed the stock down to $315.34, a two-week low. AAPL stock today is still trying to recover from that slide, and right now Wall Street looks torn between raising its Apple stock price target and trimming its prediction, and a lot of that split comes down to what people think about the new $1,999 iPhone Duo.

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Apple Stock Forecast: Duo Revenue And Price Target Outlook

An Analyst Doubles His Duo Estimate

Gene Munster, who’s a managing partner over at Deepwater Asset Management, is one of the analysts driving this Apple stock forecast update. AAPL stock today opened higher, which lines up with some of that early Duo optimism. He raised his projection for how much of Apple’s fiscal 2027 iPhone revenue the iPhone Duo could bring in, doubling it from 5% up to 10%, and he’s calling it Apple’s biggest launch since the AirPods.

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