Apple stock will jump to $125, according to this analyst

Is he correct?

| More on:
IAG share price broker upgrade buy

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Investors are underestimating the ability of Apple Inc's (NASDAQ: AAPL) wearables business to fuel its growth.

So says Citi analyst Jim Suva. On Monday, Suva reiterated his buy rating on Apple's shares and lifted his price forecast from $112.50 to $125. His new target represents potential rewards for shareholders of approximately 13% from the stock's current price near $110.

Suva says Apple's wearables sales will push the company's stock higher as people spend more on tech gear with health-tracking features. "Apple continues to make inroads into healthcare devices market which we view as a positive move for attracting and engaging their users to their products, given the importance of such features by individuals," Suva said. 

Moreover, despite reported delays, Suva predicts Apple will launch its much-awaited iPhone 12 in time for the holiday shopping season. 

Is Apple's stock price headed to $125?  

The iPhone 12 is expected to be the tech titan's first 5G-enabled smartphone. The fifth-generation wireless technology could help to ignite a massive upgrade cycle among current iPhone owners, in addition to bringing new customers into Apple's burgeoning ecosystem of devices and services.

Wearables, led by the Apple Watch, are likely to become an increasingly important part of this ecosystem, as Suva notes. The coronavirus pandemic has placed health front and centre in the minds of people around the world, and Apple has wisely ramped up its health-focused technologies in its devices. 

This all bodes well for strong sales of Apple's iPhones, watches, and services, which could easily drive its stock above $125 in the months ahead.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Should you invest $1,000 in Damstra right now?

Before you buy Damstra shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Damstra wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 30 April 2025

Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and recommends Apple. The Motley Fool Australia has recommended Apple. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on International Stock News

A woman sits at her computer with her hand to her mouth and a contemplative smile on her face as she reads about the performance of Allkem shares on her computer
International Stock News

Meta Platforms: AI continues to drive revenue, but is the stock a buy?

Let's take a look.

Read more »

Happy woman working on a laptop.
International Stock News

Do strong earnings results and a dividend hike make Alphabet a growth stock to buy right now?

There was a lot to like from Alphabet's latest print.

Read more »

hands holding up winners cup, asx 200 winning shares
Share Market News

Guess which stock just became the world's most valuable company?

There's a new sheriff (back) in town.

Read more »

a woman holds her hands up in delight as she sits in front of her lap
Share Market News

US jobs report ignites market rally. What could move the needle this week?

All eyes on the Federal Reserve.

Read more »

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
International Stock News

Think Amazon is expensive? These 3 charts might change your mind.

With a market capitalization of $2 trillion, Amazon is now one of the most valuable companies in the world.

Read more »

Business woman with her arms folded stands in front of multiple screens.
International Stock News

How did the Magnificent 7 fare this reporting season?

Let's explore the highlights.

Read more »

A man looking at his laptop and thinking.
International Stock News

Amazon: A good quarter but some concerns

Here's our initial take on Amazon's financial report.

Read more »

Man looks up at apple on his head.
International Stock News

Apple: Growth in a difficult environment

Here's our initial take on Apple's financial report.

Read more »