Jim Cramer sees a huge catalyst on the horizon for Apple. How to play the stock
The iPhone Duo is what will drive Apple's next leg higher, Jim Cramer predicted.
On September 29, 2026, Jennifer Newstead, Senior Vice President, General Counsel, and Government Affairs at Apple Inc., sold 2,399 shares of the company’s common stock. The transaction was worth $806,495, with each share priced at $336.18. As a result of this sale, Ms. Newstead now holds 41,992 shares of Apple common stock. This sale followed a Rule 10b5-1 trading plan that Ms. Newstead had established on May 5, 2026.
Apple’s stock is currently trading near its 52-week high of $345.34, with a current price of $330.32. The stock is deemed overvalued by InvestingPro analysis, placing it on the Most Overvalued list. Apple maintains a substantial market capitalization of $4.86 trillion and trades at a P/E ratio of 37.78. Morgan Stanley has given Apple an Overweight rating and a $360 price target, although they have slightly reduced it to $355 due to limited upside potential.
Needham has maintained a Hold rating on Apple, citing competitive risks from Meta Platforms and other AI-focused companies. Bernstein has reaffirmed an Outperform rating with a $370 price target, but warns of potential pressure on gross margins due to rising memory costs. A consumer class action against Apple and Amazon, related to a 2018 sales agreement on Amazon’s UK marketplace, has been allowed to proceed by the UK’s Competition Appeal Tribunal.
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- Apple SVP Jennifer Newstead sells $806,495 in AAPL stock investing.com
