JPMorgan Raises Apple Price Target After Strong Q4 Earnings
Apple's fiscal Q4 results surpassed Wall Street expectations, with revenue climbing 8% year-over-year to $102.5 billion. The company's Services segment grew 15%, fueled by iPhone 17 demand and subscription growth. JPMorgan boosted its AAPL price target to $305, citing management's 'higher than usual confidence.'
Earnings per share hit $1.85, beating the $1.78 consensus. The report underscores Apple's resilient ecosystem amid broader tech volatility. Analysts highlight services revenue and installed base growth as key valuation drivers moving forward.