Apple (AAPL) Reiterated as Hold by Jefferies Amid iPhone 17 Price Hike Expectations
Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Making Waves on Wall Street. On July 30, Jefferies analyst Edison Lee reiterated a Hold rating on the stock with a $188.32 price target
According to the analysts, Apple may increase prices for the upcoming iPhone line-up due to strong second-quarter demand and increasing cost pressures.
“We saw more evidence of strong iPhone demand in 2Q25, as key US telcos reported ~22% growth in equipment sales in 2Q driven by pull-in, the highest in the last 6 Qs. So CP/IDC’s reported growth (4%/1.5%) may be an under-estimate. Separately, we expect a US$50 selling price hike for iPhone 17 Slim/P/PM to offset higher component costs and China tariff. Others such as India tariff, sectorial tariff and lower yield in India are not yet covered.”
10 Smartphones with the Best Cameras and Battery Life
The firm believes that the price hike “may barely cover the above cost increases.”
Apple is a technology company known for its consumer electronics, software, and services.
While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 AI Stocks Making Waves on Wall Street and 10 AI Stocks Analysts Are Watching Closely
Disclosure: None.