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Mohit Oberoi

RARE PHOTOS: Apple stock forecast why the best is yet to come for aapl | Vintage Vibes

Apple AAPL Dan Ives Loop Capital Microsoft

Apple (AAPL) has staged a remarkable turnaround from its 2024 lows. The stock has gained more than 30% over the last three months, and is now not only positive for the year, but is up 21.75% in 2024 - which is higher than what the S&P 500 Index ($SPX) has delivered over the period.

Amid the rally in Apple shares, a section of the market is getting apprehensive about the iPhone maker’s valuation, which has arguably run ahead of historical averages. However, I believe the best is yet to come for Apple, and the stock can still rise from these levels.

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