Baird Raises Apple Price Target to $310
Baird analyst William Power raised the price target on Apple (NASDAQ: AAPL) to $310.00 (from $300.00) while maintaining an Outperform rating.
“Yesterday AAPL reported strong FQ2 results driven by iPhone (up a strong 22% YOY) and services upside, with all geographies up double-digits YOY.
FQ3 revenue guidance (14-17% growth) also exceeded prior estimates, and gross margin guidance (48% at midpoint) indicates AAPL may be navigating higher memory input costs better than bears have feared, both contributing to after-hours strength.
We remain positive on the strong growth and free cash flow, with a revamped Siri (all eyes on June’s WWDC) and new form factors possible additional catalysts in 2H’26.”
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