Apple Receives $308 Price Target Upgrade Post-Earnings Amid Strong iPhone Demand
Apple Inc. (AAPL) shares gained bullish momentum as GF Securities upgraded the stock to 'buy' from 'hold' with a $308 price target, marking the first post-earnings rating increase. The tech giant's iPhone 17 base model demonstrates resilient demand, with stable delivery timelines across major markets. At $267.37, analysts see a clear upside path—Wedbush's $310 target (91.6% accuracy) and Tigress Financial's $305 projection reinforce the optimism.
Jeffries analyst Edison Lee notes regional divergences: 'HK saw WoW declines, but U.S. wait times ROSE 13 days—other markets held steady.' Despite Apple's guidance for 10%-12% December-quarter revenue growth, Jefferies flags margin risks from the iPhone 17's 'unfavorable product mix.' Fairlead Strategies' Katie Stockton identifies $260 as AAPL's make-or-break level: 'This resistance breakout could fuel further gains,' she told CNBC.
