Jefferies has increased its price target for Apple Inc. (AAPL) following a reassessment of iPhone demand trends, signaling growing confidence in the company's near-term performance. The upgrade reflects stronger-than-expected consumer uptake and supply chain resilience.
- Jefferies raised Apple's price target to $220 per share from $200
- Revised outlook driven by stronger-than-expected iPhone 16 demand
- Increased order volumes observed in North America and China
- Improved channel inventory turnover and sell-through trends
- Supply chain performance remains resilient through holiday season
- Target reflects confidence in Apple's product cycle momentum
Jefferies has upgraded its price target for Apple Inc. (AAPL) to $220 per share, up from an earlier $200, citing improved visibility into iPhone sales momentum during the holiday quarter. The firm observed a notable uptick in order volumes and channel checks indicating accelerated sell-through across key markets, including North America and China. This shift comes amid steady demand for the iPhone 16 series, particularly in the mid-tier and premium segments.
The information presented is derived from publicly available financial data and market commentary, with no reference to proprietary or third-party sources.