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BofA $AAPL Strong multi-year iPhone refresh cycle with aging installed base; PO to $256 https://t.co/EfByqIrjSn
Apple $AAPL is currently on pace to close higher for the 7th straight trading day
Apple adding another two percent today to mark its seventh all-time high close in a row! But the stock is trailing AI darlings, so should investors bet on a continued comeback? $AAPL @guyadami @karenfinerman @timseymour @riskreversal https://t.co/a7jn7KVw2Q
Apple Inc. (AAPL) shares have reached an all-time high, breaking above the $230 mark for the first time post-split. The stock closed at $230.74, up 0.9%. This marks the seventh consecutive day of gains for Apple, driven by strong market sentiment and positive earnings reports from its iPhone manufacturer, HonHai, which saw a 19% year-over-year increase. Analysts, including Wedbush, have set a price target of $275, citing a significant upcoming iPhone 16 upgrade cycle and stabilization in the supply chain. Bank of America has also raised its price objective to $256, anticipating a strong multi-year iPhone refresh cycle.
