Apple Stock Climbs as Analyst Doubles iPhone Duo Forecast

Apple shares got a helpful push early Thursday after a well known analyst doubled his revenue outlook for the new iPhone Duo. Gene Munster from Deepwater Asset Management raised his fiscal 2027 revenue projection for the device from 5 percent up to 10 percent. He even called it the biggest product launch for the company since the AirPods arrived back in late 2016. The high end device starts at a steep $1,999 and climbs to $3,199 for maximum storage, sparking lively debate across the market.

Not everyone on Wall Street shares this upbeat view, leaving price targets widely scattered. Morningstar recently bumped its fair value estimate to $290, while Jefferies is sticking with an Underperform rating and a $263 target. Analysts on the cautious side point out that introducing a lower priced tier could put pressure on profit margins. Meanwhile, retail investors on social media flipped from bearish to bullish almost overnight, pushing message volumes up significantly as traders debate whether the hefty price tag will slow down adoption.

Attention now turns to October 16 when preorders officially open to the public. If early consumer demand meets the highest expectations, it could push upcoming revenue growth past current Wall Street estimates. Traders will be watching preorders closely to see if the fresh hype translates into real sales momentum.