UBS raised the firm’s price target on Apple (AAPL) to $296 from $287 and keeps a Neutral rating on the shares. Apple delivered broad-based revenue upside driven by strong iPhone and Mac demand, alongside better-than-expected gross margins and a stronger-than-feared June outlook, with guidance signaling robust revenue growth despite supply constraints and some favorable margin dynamics from tariff and inventory effects, the analyst tells investors in a research note.
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