Apple stock (NASDAQ: AAPL) plunged to the $290 level on Tuesday’s closing bell, shedding 3.64% in value. Tech and chip stocks halted their rally before the CPI report as Wall Street remained cautious. The crash has opened up a window of buying opportunity, wrote Tom Forte, analyst at the New York-headquartered investment bank Maxim Group. Tech stocks are now in focus as smart money is moving heavily into them.

Forte wrote in a note to clients after the crash on Tuesday (June 9) that the best time to buy Apple stock could be now. He reiterated his buy rating with a bigger price target, indicating double-digit gains. Accumulating AAPL below the $300 mark and loading up on the dips could be beneficial to traders. This makes the top global phone maker a must-watch asset, as the upside potential is wider.

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Apple Stock New Price Target $350: Maxim Group

Analyst Forte raised his price target for Apple stock to $350. The previous target he provided was $310. He reiterated AAPL with another $40, and is bullish on its prospects. According to his price prediction, the leading tech giant is expected to rise by another 20% in the coming months. Therefore, an investment of $1,000 could turn into $1,200 if the price prediction from Maxim Group turns out to be accurate.

Apple had a rough start in 2026 and mostly remained in the red in Q1. It saw an uptick in value in Q2, going from $253 in April to a high of $315 in June. That was close to a 25% hike in three months, as the broader tech and chip stocks kick-started a rally. The correction could only be temporary, and the price rise could ignite again, according to Forte. Traders could expect a profit of $60 per share if the estimates reach the target.

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