Apple was the “Magnificent Seven” stock that was virtually left for dead in terms of stock performance. It’s finally coming back, and Wall Street is jumping on the bandwagon. The Tim Cook-led iPhone maker has gained nearly 7% over the past month — outpacing other megacaps such as Nvidia , Meta Platforms and Amazon in that time. Shares are also up more than 23% over the past three months, and Apple also hit an all-time high on Monday on strong U.S. and China iPhone 17 sales. Despite those recent gains, Apple is still up less than 5% for the year, while the S & P 500 has soared 14.5%. Other Mag 7 stocks such as Nvidia, Meta and Alphabet have outperformed, climbing at least 25% in 2025. But strong demand indications for Apple’s iPhone 17 and the company’s moves to improve its artificial intelligence offerings has the tech giant nearing a major milestone: a $4 trillion market capitalization. AAPL YTD mountain AAPL year to date “With Apple on the doorstep of joining Nvidia in the $4 trillion market cap club, its clear to us that Cook & Co. has finally found success with iPhone 17 and now the Street awaits for the grand strategic AI roadmap to be unveiled,” Wedbush analyst Dan Ives wrote Monday. His price target of $310 signals would translate into upside of 18.2%. “We believe that the Street is still underestimating the iPhone 17 cycle that we are seeing front and center with our estimates of 315 million of 1.5 billion iPhones globally not upgrading their iPhones in the last 4 years,” he said. Loop Capital is also bullish on Apple, upgrading the stock to buy from hold. “While [Wall] Street is baking in some degree of outperformance from AAPL’s iPhone 17 family of products, we believe there remains material upside to Street expectations through CY2027,” analyst Ananda Baruah wrote. The price charts are also pointing to strong gains ahead. Wolfe Research technical strategist Rob Ginsberg said that, with Monday’s advance, the stock has broken above a $260 resistance level. “The next target comes into focus around the $285 area,” he said. That implies an 8.7% gain from Monday’s close. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
Wall Street bullishness pushes Apple to cusp of $4 trillion market cap
