$Apple(AAPL.US) - APPLE PT RAISED TO $260 AT MELIUS
Melius analyst Ben Reitzes raised Apple’s price target to $260 from $240, maintaining a Buy rating. He sees growth driven by new iPhone cycles over the next three years, including the “iPhone Air” this September, a foldable in FY26 (~$2,000), and the iPhone 20 in FY27. Reitzes says Siri/AI delays are overblown, with no evidence of customer switching. Higher ASPs and a favorable product mix could boost growth to high single digits in some quarters. FY26 EPS estimate is up $0.12 on stronger margins.The copyright of this article belongs to the original author/organization.
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