Highest stock price forecast in the tech sector

In the tech sector, Apple’s highest stock price forecast is set at $220 before year-end, backed by robust iPhone 16 pre-orders and an anticipated services revenue growth of 18%. These forecasts may not seem very enticing at first. However, investors would do well to note that Jabil could end up delivering stronger growth than management currently projects. After all, the growth of the AI business helped the company deliver a 17% year-over-year increase in revenue last quarter, along with an even better jump of 43% in earnings. Harvey wrote in his note he initially wanted to "lean contrarian," given concerns about bullish market sentiment, lofty stock valuations, and already solid economic growth. Bank of America’s highest stock price forecast of $41 is underpinned by stable deposit growth and a recovery in investment banking fees into the second half of the year.