Despite the ongoing leadership turmoil and AI uncertainty, Citi’s analysts raised the price target on Apple’s stock from $315 to $350. Here’s why.

iPhone sales performance and AI outlook poised to push stock up

As reported by CNBC, Citi’s analysts maintained the “buy” rating for Apple’s stock, and lifted the price target to $350, up from $315.

Based on today’s close at $277.18, a $350 price target would mean a 26.3% boost. Citi’s analysts predict this will happen as a result of increased iPhone sales, “as many customers are due for upgrades after years with the same devices,” per CNBC’s report.

The price target hike comes on the heels of a recent IDC report that increased the…