Apple (AAPL) Lands $330 Target as CLSA Turns More Bullish on iPhone Momentum

Apple Inc. (NASDAQ:AAPL) is one of the Must-Watch AI Stocks on Wall Street. On December 5, CLSA analyst Bhavtosh Vajpayee raised its price target on the stock to $330.00 from $265.00 while maintaining an “Outperform” rating.

The firm noted how iPhone sales are “surging to new highs, with AI as a key unlock ahead of future platform shifts. Vajpayee noted that Apple continues to be “a consumer staple in financial predictability” even as hopes grow around its future in artificial intelligence.

The minimum it can do is fix Siri through LLMs such as Gemini, and allow in-app access to give developers more creative tools. Even though the likes of a rival device such as that from Jony Ive/OpenAI is still likely two years away, the firm believes it may be able to challenge the dominance of traditional apps and screens that have been dominating for the last 15 years.

Meanwhile, iPhone sales are climbing new highs.

“Elsewhere, iPhone sales are surging to new highs, driving a 3–5% increase to FY26–27CL revenue and earnings. We lift our TP from US$265 to US$330, based on 35× FY27CL PE. Maintain O-PF.”

Apple is a technology company known for its consumer electronics, software, and services.

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