On November 24, JPMorgan analyst Samik Chatterjee reaffirmed his Overweight rating on Apple (NASDAQ: AAPL) stock, maintaining a $305 price target.
Chatterjee call comes as shares trade around $273, supported by unusually strong demand for the newly launched iPhone 17 lineup, where supply continues to trail consumer interest.
TradingView’s 12-month analyst consensus places Apple shares at $285.54, indicating a modest upside from today’s trading level. Estimates range broadly from $215 on the low end to $345 at the top, underscoring split views on valuation but an overall bullish stance. Nearly half of analysts rank the stock as Strong Buy, while only a small minority recommend selling.
According to JPMorgan’s Week 10 Product Availability Tracker, global wait times for the iPhone 17 series are averaging around seven days, compared to just two days at the same stage last year.
Weekly delivery estimates have remained stable, whereas they were already shortening by one day at this point in the previous cycle. The base iPhone 17 continues to see the longest delays, and even the iPhone Air has recorded an increase in delivery window duration, contrasting sharply with the timing improvements seen for the iPhone 16 Plus last year.
The stronger-than-expected trajectory indicates that the 2025 product cycle is unfolding more robustly, supporting the bullish narrative. With supply yet to catch up and consumer interest holding firm, Apple remains positioned as a leading hardware-AI hybrid play entering 2026, bolstered by consistent analyst confidence and resilient demand fundamentals.
