Analyst Keithen Drury notes that rising memory chip prices could either erode Apple's profits or lead to device price hikes, potentially impacting consumer demand. He suggests Apple's current valuation is higher than other faster-growing tech giants, and if its valuation reverts to the big tech average of 25 times forward earnings, combined with an estimated $9.57 in earnings per share for fiscal year 2027, the stock could fall from its current price of approximately $320 to $240.