Jeffries Raises AAPL Forecast Amid Strong iPhone Demand Outlook
Apple Inc. (AAPL) received a bullish price target revision from Jefferies, climbing to $283.36 from $246.99, despite maintaining a Hold rating. Analyst Edison Lee projects robust Q1 2026 performance, lifting iPhone unit estimates by 7% for the quarter and 3% for FY26. The tech giant’s resilience to memory cost hikes—bolstered by high average selling prices—positions it to absorb supply chain pressures while capitalizing on demand for premium devices like foldable phones and a potential 20th-anniversary edition.
Lee notes Apple’s ability to offset slowing volume growth through strategic pricing and staggered product launches. Since April’s tariff pressures, AAPL has emerged as a standout performer, with the iPhone 17 launch further cementing its market dominance. CoinCodex data suggests a potential rally to $305 by March 31, with a near-term consolidation around $285.