2023 has been a rewarding year for (NASDAQ: AAPL) investors as the stock has soared 42% so far, driven by the resilience of the company's iPhone sales, which continue to defy the crash in the broader smartphone market. Shares of the technology giant now sit at 52-week highs following their impressive rally.

Investors may now be asking themselves if Apple stock has room to run higher and deliver more upside over the next year. According to a consensus of 38 analysts covering Apple, the stock has a median price target of $189 for the next 12 months. That's the level Apple is trading at right now, suggesting that there may not be more upside on offer. However, the high price target from analysts of $220 a share indicates that Apple could jump 17% over the next year.

Does Apple have what it takes to hit the top price target price set by Wall Street analysts? Let's find out.

Continue reading

Source Fool.com