Apple (AAPL) Stock Rises 9%: Should You Buy or Sell Now?

In the last 30 days, shares in Apple (AAPL) stock are up as much as 9%. While its growth compared to other magnificent-7 stocks in that span is lower, AAPL is still a popular choice amongst investors. Its strong Q3 results and a steady outlook despite tariff risks make AAPL a good choice for investing, but is now the correct time to buy in on Apple stock?

Last week, the iPhone developer announced a new $100B manufacturing deal in the US. The deal was a decision made to help avoid tariff concerns that Apple could get hit buy for manufacturing abroad. The stock rose a bit following the announcement: an encouraging sign for investors. Additionally, current Apple stock forecast models are suggesting the upcoming Apple OLED MacBook Pro upgrade could be a major catalyst for investor confidence.

The combination of OLED display technology, redesigned chassis, and potential camera cutout improvements creates multiple upgrade incentives. As the Apple MacBook Pro release date approaches, this Apple OLED MacBook Pro upgrade could become the most significant catalyst for AAPL stock performance since the M1 chip introduction.

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What Else is Pumping AAPL Stock Forecasts?

Furthermore, Apple (AAPL) is also benefiting from the growing adoption of Apple Intelligence used across iPhone, Mac, and iPad. The company reported record June quarter revenues in more than two dozen countries and regions, including the United States, Canada, Latin America, Western Europe, the Middle East, India, and South Asia. The robust performance was driven by double-digit growth across iPhone (13.5% year over year), Mac (14.8% year over year), and Services (13.3% year over year).

Wall Street analysts have set AAPL stock price prediction targets averaging around $233.10. The highest forecast sees AAPL reaching $275, which represents significant upside potential from current prices at $229. TipRanks data reveals that 28 analysts are offering bullish 12-month price targets. This premium reflects expectations that the OLED laptop display technology will drive both unit sales and higher average selling prices. Year to date (YTD), Apple shares are still down 9.2%. However, sentiment around the iPhone developer after a few rough months appears to be finally reversing.