Can Apple's Foldable iPhone Push AAPL Stock to $400?
Analysts see 9.4% upside for Apple shares near-term, but a foldable iPhone could be the catalyst for a $400 price target by 2029-2030.
Apple Inc. (NASDAQ: AAPL) could be on a multi-year path toward a $400 share price, with analysts pointing to a foldable iPhone as the most significant catalyst capable of driving that kind of long-term valuation, according to a new assessment from 24/7 Wall St. The firm has set a 12-month price target of $336.98 on the stock, implying roughly 9.4% upside from its current trading level near $308.30, and carries a BUY rating with 90% confidence.
The near-term bull case rests on Apple's entrenched ecosystem, consistent revenue streams, and continued services growth — factors that already support a premium valuation among mega-cap tech peers. But analysts argue the foldable iPhone represents something more transformative: a hardware refresh cycle capable of pulling in both loyal Apple customers and Android switchers who have watched Samsung and others develop the foldable category for years.
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The $400 price target, however, is framed as a 2029 to 2030 story — not an imminent event. That timeline reflects realistic expectations around product development, manufacturing scale, and consumer adoption curves for a form factor that remains niche even as it gains traction globally. Apple has historically entered hardware categories later than rivals but with enough polish and marketing power to dominate them, and analysts appear to be betting that playbook repeats with foldables.
For investors, the key question is whether to price in that optionality now or wait for clearer product signals from Cupertino. At current levels, the stock already trades at a significant premium to the broader market, meaning near-term returns depend heavily on execution across its existing lineup and AI integration efforts. The foldable narrative adds a speculative but credible long-term layer to what is otherwise a steady, if unspectacular, buy thesis at present prices.
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