Rosenblatt hikes AAPL to $300 on expected iPhone 18 demand, still underwater

Securities firm Rosenblatt maintains a bearish outlook on Apple's future, citing short-term supply issues and challenges in replicating the success of the iPhone 17 range. Despite this, the investment firm has boosted its price target to a still-underwater $300. Apple's shares experienced an unexpected dip following their latest earnings call, but analysts and firms are now focusing on the company's future prospects.

Rosenblatt, one of the most bearish firms on Apple, announced a $24 increase in its price target, bringing it up to $300. In a note to investors obtained by AppleInsider, the firm explained that it made this adjustment based on its predictions for Apple's performance one year down the line. However, the company notes that the modest increase in the target is due to the unpredictable financial landscape.