Apple (AAPL) stock got a forecast upgrade from Wall Street analysts at GF Securities on Monday, its first upgrade since Apple shared its quarterly earnings. GF Securities raised AAPL to a buy from its previous hold rating, adding a $308 price target. Apple continues to see strong demand for its iPhone 17 base model, with no delivery delays in key markets either.

Most analysts agree with GF Securities in maintaining a positive outlook on Apple, with price targets suggesting a potential upside from the current price of $267.37. Wedbush sets a high price target of $310, showing confidence with a strong price target accuracy of 91.6%. Tigress Financial is equally optimistic with a $305 target, although their accuracy is slightly lower.

“The base model continues to show the most consistent strength, as HK saw a big WoW fall, but the U.S. showed a rise of 13 days, and the rest saw no drop,” writes Jeffries analyst Edison Lee. Alternatively, while Apple guided for 10% to 12% revenue growth in the December quarter, Jefferies warns that the “unfavorable product mix on 17 vs. 16 could translate into margin pressure.”

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Alternatively, Katie Stockton, Fairlead Strategies founder and managing partner, recently spoke on Apple’s latest stock outperformance during a program on CNBC. She believes $260 is the “final resistance” level for Apple and the stock could be expected to stay above this mark for further gains in the future. However, the analyst said she’s “suspicious” about the sustainability of the recent uptrend in Apple shares. “Well, we don’t know honestly, but when we look from a top-down perspective, it does look a little bit fragile to us, and that’s based in part on market breadth. We’ve seen a real pullback in market breadth. And of course, we have seen a downtick in momentum

Shares in Apple (AAPL) stock were down 1% at the time of writing on Monday afternoon.