Barclays raised the firm’s price target on Apple (AAPL) to $253 from $248 and keeps an Underweight rating on the shares. The firm views Apple’s fiscal Q2 report as solid. iPhone results were largely in-line with consensus and the Q3 revenue guidance of 14%-17% year-over-year growth is “very strong,” the analyst tells investors in a research note. Barclays still sees risk to second half of 2026 estimates and says its needs a better view of Apple’s AI monetization strategy.
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