Apple's (AAPL) AI-Powered Siri and Foldable iPhone Are Key Catalysts, Analyst Says

Apple Inc. (NASDAQ:AAPL) is one of the Must-Watch AI Stocks on Wall Street. On January 12, BofA Securities analyst Wamsi Mohan reiterated a Buy rating on the stock with a $325.00 price target. Firm analysts anticipate upside surprises as the tech giant heads into F1Q26 earnings on January 29 after markets close, particularly driven by foldable iPhone and AI-enhanced Siri.

Upcoming catalysts highlighted by the firm include the launch of a foldable iPhone and an enhanced Siri with integration with Gemini AI which can lead to higher upgrades. While the start of 2026 saw Apple shares lagging behind, sentiment appears to be overly cautious.

The firm noted that it sees robust iPhone demand ahead, with services revenue continuing double-digit revenue growth despite weaker App store sales in China.

" Our F1Q rev/EPS are $140bn/$2.69 vs. Street $138bn/$2.67 (we model rev +13% y/y vs guidance 10-12% y/y). We model GM of 47.5% (at mid-pt of guide) but see sequentially higher margins in F2Q (Mar Q) on higher mix of Services. We expect Apple to guide F2Q rev growth of 10% y/y and GM range of 47.5-48.5%. We model F2Q rev/EPS of $105bn/$1.82 vs. Street $105bn/$1.85. Apple remains underweight in investor portfolios which we see reversing this year. Reit Buy."

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

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