Jefferies analyst Edison Lee raised the firm’s price target on Apple (AAPL) to $283.36 from $246.99 and keeps a Hold rating on the shares. The firm, which raised its Q1 and FY26 iPhone unit estimates by 7% and 3%, respectively, and included a foldable phone as of FY27, believes Apple is highly resilient to memory cost hikes owing to its high average selling prices.
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