Overview
- Shares jumped 3.9% Monday to close at 262.24 and hit an intraday record of 264.38, boosting major indexes.
- Loop Capital upgraded Apple to Buy with a $315 target, Evercore made a tactical outperform call, and Melius raised its target to $290.
- Counterpoint reported iPhone 17 outsold iPhone 16 by about 14% in its first 10 days in the U.S. and China, led by strength in the base model.
- Technical analysis outlines potential upside toward roughly $308, with key support near $250 and $237.
- Jefferies maintained an underperform rating citing cooling lead-time data, while others highlighted AI as the next catalyst and noted a $4 trillion valuation would come into view above roughly $268.