A Wall Street analyst has reaffirmed an optimistic outlook for Apple (NASDAQ: AAPL) stock, even as the iPhone 16 cycle appears underwhelming.This projection could boost Apple’s share price, which is striving to establish a strong position above the $230 mark. The stock was valued at $228.28 at press time, having risen about 0.1% in the last 24 hours. On a monthly chart, Apple has exhibited volatility, dropping nearly 3.5%. However, in 2024, AAPL is up over 22%. AAPL one-week stock price chart. Source: Finbo ...