Apple stock (NASDAQ: AAPL) opened Monday’s trading bell at $315 and is trading comfortably above the $300 level. It is now close to its 52-week high of $317, and traders are expecting a downturn due to the rapid rise in value. However, Citi analysts maintained their buy rating for AAPL even after it reached a yearly high.

The Equity Analyst at Citi, Asiya Merchant, wrote in a note to clients on Monday (July 13, 2026) that Apple stock will not fall below the $300 level, but is expected to head north hereon. The analyst explained that AAPL has come out of the bearish claws and will see a price uptick. This makes the leading equity a must-watch stock, as Citigroup is confident of a surge.

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Apple Stock: Here’s Citi’s Latest AAPL Price Target

Citi analyst Asiya Merchant has given Apple stock a price target of $365.

Merchant raised the target from the previous projection of $315 to $365 on Monday. The analyst hiked the target to $365, as the leading equity met the previously predicted target. Citi has extended it by an additional $50 per share in the latest target for AAPL. Therefore, traders can expect a profit of $50 per share if they take an entry position on Apple stock today. The estimate comes at a time when the next iPhone launch is nearing its September release under the new CEO, John Ternus.

It is also an uptick and return on investment (ROI) of approximately 16% from its current price of $315. An investment of $1,000 could turn into $1,160 if the price projection from Citi turns out to be accurate. Apple stock faced corrections early this year, as Wall Street feared the company was overspending on building its AI infrastructure. The worries are still in motion and are affecting the majority of tech stocks.