Barclays raised the firm’s price target on Apple (AAPL) to $248 from $239 and keeps an Underweight rating on the shares. The firm now believes the September iPhone launch will include the foldable and Pro models, with base models moving to Spring of 2027. Apple’s fiscal 2027 iPhone units may not move much higher on price elasticity and memory concerns, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- VOO vs. VTI: Which Vanguard ETF Is the Smarter Buy for 2026?
- Apple (AAPL) Fires at Samsung with ‘Affordable’ iPhone 17e to Defend Top-Seller Crown
- 3 Best ETFs to Invest In, According to AI Analyst, 03/02/2026
- Morning News Wrap-Up 3/2/26: Monday’s Biggest Stock Market Stories!
- PC & Smartphones Will Experience the ‘Steepest Contraction In Device Shipments Witnessed In Over a Decade’ Due to the AI Boom