Skip to content

AI predicts Apple stock price for October 1, 2023

AI predicts Apple stock price for October 1, 2023
Jordan Major

Artificial Intelligence (AI) has indisputably emerged as a formidable ally to traders and discerning value investors within the dynamic stock market. It stands as an invaluable tool, facilitating shareholders in their quest to extract profound insights, conduct astute analysis, and formulate precise price prognostications. 

On Monday, the shares of tech giant Apple Inc (NASDAQ: AAPL)  exhibited notable upward momentum, with the impetus attributed to robust demand for the high-end variants of its recently launched iPhone 15 lineup. 

Specifically, the premier iPhone 15 Pro and Pro Max models have embarked on a highly promising trajectory, as articulated by the insightful commentary from Wedbush analyst Daniel Ives in a note to clients Sunday.

Concurrently, the preorders for the broader iPhone 15 series have manifested an impressive surge, recording an ascent of approximately 10% to 12% in comparison to the preceding iPhone 14 launch, as disclosed by Ives.

In this contextual milieu, Finbold harnessed the capabilities of AI’s technical analysis (TA) by CoinCodex on September 19 to ascertain a prospective price point for Apple’s (NASDAQ: AAPL) shares. Remarkably, this AI-driven analysis has set forth a striking projection, indicating that Apple’s stock is poised to trade at $157.54 per share by October 1, 2023.

AAPL price prediction to October 1, 2023. Source: CoinCodex

AAPL stock analysis

“According to our current AAPL stock forecast, the value of Apple shares will drop by -0.54% and reach $ 177.01 per share by September 24, 2023. According to our technical indicators, the current sentiment is Neutral, while the Fear & Greed Index is showing 39 (Fear). AAPL stock recorded 18/30 (60%) green days with 2.37% price volatility over the last 30 days. Based on our Apple stock forecast, it’s now a bad time to buy AAPL stock because it’s trading 0.54% above our forecast.”

Despite the bearish sentiment for the short-term, AI believes AAPL will reach $271.69 per share by the beginning of 2025, assuming that Apple shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a 52.66% increase in the AAPL stock price.

Meanwhile, Apple is trading at $177.97 by press time, up 1.69% by the closing bell on Monday.

AAPL 1-day price chart. Source: Finbold

From current prices, Apple is expected to lose -11.4% of its value until October 1, making CoinCodex’s AI recommend traders not to buy the stock at this point. 

However, Ives noted regarding the latest iPhone release, which could boost prices:

“The mix is heavily skewed towards iPhone 15 Pro/Pro Max, with Pro Max exceptionally strong in the U.S., China, India, and parts of Europe. This is a clear positive for Apple with ASPs (average selling prices) set to be a major tailwind” for the company.

Ives estimates the average selling price for the iPhone 15 series will be about $925, which would be up around $100 in the last 12 to 15 months. The analyst rates Apple stock as outperform with a price target of 240. 

Buy stocks now with Interactive Brokers – the most advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts