Stock price aapl forecast industry peers in the tech sector have

Industry peers in the tech sector have shown muted volatility, giving Apple room to rally if AI-powered devices drive revenue. Traders watch for breakout above 50-day EMA as confirmation. Apple is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. Apple shares were up 0.7% in Monday’s pre-market trading , trading at $240.68. The stock is up just 3% year-to-date, far behind Nvidia (NVDA) and Microsoft (MSFT) , but analysts think momentum could build quickly as iPhone 17 sales accelerate. With stock price AAPL forecast turning positive, options data shows increased call volume targeting the $195 strike. This reflects trader anticipation of continued momentum fueled by upcoming product launch events. Tech-heavy NASDAQ resilience further underpins confidence in Apple’s trajectory.