News report 📈 Stocks 🌍 United States ISIN US0378331005

Apple Shares Face Valuation Test as Cramer Backs Foldable Duo Strategy

Jim Cramer touts Apple's new foldable Duo as a potential revenue catalyst, while flagging Okta as a strategic play for securing autonomous AI agents in an evolving cybersecurity landscape.

📅 September 20, 2026 🕐 1 min read

2 assets impacted (Stocks). Net bias: 2 Bullish, 0 Bearish, 0 Neutral. Strongest signal: AAPL ↑ 7/10 (60% confidence).

📊 Affected Assets (2)

AAPL

Bullish 🤖 60%

📆 Mid-term 🌍 US · Explicit

Cramer's bullish take on the iPhone 18 and foldable Duo suggests incremental hardware revenue, though elevated valuation and slowing EPS growth temper the upside.

OKTA

Bullish 🤖 55%

📆 Mid-term 🌍 US · Explicit

Cramer highlights Okta's identity verification as critical for AI agent security, expanding its addressable market beyond traditional employee logins.

🎯 Key Takeaways

Apple's foldable Duo aims to drive incremental revenue by encouraging multi-device ownership rather than simple replacement cycles.
Apple trades at a 38x forward P/E, significantly above its five-year average, requiring strong sales growth to justify current valuations.
Okta is positioned as a critical security layer for AI agents, with identity verification becoming a central pillar for enterprise AI deployment.

📝 Executive Summary

Jim Cramer highlights Apple's foldable Duo as a potential driver for incremental hardware revenue, suggesting it could encourage users to maintain two devices. While the analyst remains bullish on the product's utility, Apple's elevated forward P/E of 38x and slowing EPS growth present a high hurdle for further stock gains. Cramer also identified Okta as a key beneficiary of AI security needs, citing its identity verification tools as essential for managing autonomous AI agents.

❓ FAQ

Why does Jim Cramer believe the foldable Duo is a significant opportunity for Apple?

Cramer argues the Duo is revolutionary because it encourages customers to purchase a second device alongside their primary iPhone, rather than just replacing an existing phone, thereby increasing spending per user.

What is the investment thesis for Okta regarding AI?

Cramer suggests that as businesses deploy autonomous AI agents, they require robust identity verification to manage permissions and track agent activity, positioning Okta as a vital security infrastructure provider.

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