Rothschild & Co upgraded Apple from neutral to buy, with a price target raised to $400, implying 31% upside potential from Friday’s close. Analyst Timm Schulze-Melander forecasts Apple will launch an ultra-premium foldable phone by 2027, with estimated sales of 14 million units and an 11% increase in iPhone average selling prices. The cannibalization impact on traditional iPhone sales would remain limited at 2% according to the analyst. Apple shares have climbed 13% year-to-date, with 29 of 47 analysts covering the stock recommending a buy.
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