Bernstein Raises Apple Price Target to $350
Bernstein SocGen Group analyst Mark C.
Newman raised the price target on Apple (NASDAQ: AAPL) to $350.00 (from $340.00) while maintaining an Outperform rating.
“Following Apple’s strong FQ2 results we publish our full model update, raising estimates and TP to $350 as the company gains in market share and rising ASPs are expected to continue.
Apple’s FQ2’26 results and FQ3 was strong across the board. Revenue grew 17% you in FQ2 and was guided to grow another 14-17% in FQ3.
Gross margins also beat expectations at 49.3% for FQ2 and guided to 48% for FQ3.
Fore more on FQ2 report see here.
Share gains in Smartphones and PCs playing out and expected to continue.”
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