Citi Lifts Apple Target to $365 as Shares Hit Record High Near $323

Apple shares climbed to a fresh record above $323 before easing near $315 after Citi raised its price target to $365 from $315 ahead of the July 30 earnings report. The upgrade caps a sharp recovery from late-June weakness that erased $500 billion in market value following price hikes and AI concerns. Sentiment has been supported by a new $100 billion buyback, 4% dividend increase, record $30.98 billion Services revenue, and multiple forecasts projecting a $5 trillion market cap by end-2026 on iPhone 17 and AI momentum.