Apple (AAPL) stock may not have generated headline-grabbing gains, but the stock has outperformed the S&P 500 ($SPX) and its big tech peers. Apple is up about 24.7% year-to-date and has emerged as the strongest performer among the Magnificent Seven stocks in 2026, ahead of even Nvidia (NVDA).
With Apple trading close to its record high, continued strength in iPhone demand could provide another catalyst for the stock. Wall Street analysts’ highest price target for Apple currently stands at $400 per share, which is within reach as the launch of new iPhone models could further support sales growth and potentially help Apple move toward that level.