Rothschild's Redburn upgraded $AAPL to Buy with a $400 price target, betting that the September foldable iPhone release will reprice the…
Rothschild's Redburn upgraded $AAPL to Buy with a $400 price target, betting that the September foldable iPhone release will reprice the growth story. I'm not so sure.
- The new $400 target sits 54% above Friday's $305.93 close and marks an upgrade from the prior $260 level based on form factor expansion.
- Forecasts project 14 million iPhone Ultra foldable units in fiscal 2027 at a $2,199 price point to drive average selling prices higher.
- FY26-30 iPhone revenue estimates now run 3-14% above consensus as the AI strategy pivot combines with new hardware to reset expectations.
- Market validation depends on September event confirmation of foldable pricing and whether other analysts adopt this aggressive revenue modeling or view it as overstated.
This valuation hinges entirely on execution at the upcoming September launch and whether the projected higher revenue trajectory actually materializes. The higher prices, IMHO, will reduce demand and cause the stock price to correct.
How is anyone going to be able to afford a $2K+ phone when gas prices are high, grocery prices are high, and inflation in general is still high?
Not financial advice. For informational and educational purposes only.
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