Apple Shares Rise After Q2 Earnings Beat; Analysts Raise Price Targets to $265 and $261, Highlighting iPhone Sales

Apple Inc. ($AAPL) has received positive analyst ratings following its recent earnings report, which exceeded consensus expectations across key performance indicators including revenue, gross profit, operating expenses, earnings per share (EPS), free cash flow, and buybacks. JPMorgan has reiterated an Overweight rating with a price target of $265, highlighting Apple's strong execution amidst a mixed macroeconomic environment. Rosenblatt has raised its price target to $261 from $260, noting that the iPhone installed base has reached an all-time high and that the device remains the top seller in the U.S., urban China, and the UK. Analysts from Goldman Sachs and Morgan Stanley have also praised Apple's performance, with Goldman stating that the quarter was 'very good' and that Apple is poised to monetize artificial intelligence significantly. Overall, Apple stands out as a bright spot in the market amid broader sell-offs, with shares rising following the earnings announcement.