Apple price target raised to $270 from $250 at DA Davidson

DA Davidson raised the firm’s price target on Apple (AAPL) to $270 from $250 and keeps a Neutral rating on the shares. The company’s Q4 earnings saw a beat on top and bottom-line expectations, though iPhone revenue decelerated significantly from the previous quarter while lapping tougher comps, the analyst tells investors in a research note. Apple management also noted that they’re seeing strong demand for the iPhone 17 family including the iPhone Air while also facing supply constraints on both iPhone 17 and previous iPhone 16 generation devices, the firm added.