Apple price target raised to $325 from $280 at Argus

Argus raised the firm’s price target on Apple (AAPL) to $325 from $280 and keeps a Buy rating on the shares after its Q4 results. The new iPhone 17 family appears to be off to a strong start as iPhone sales topped pre-reporting consensus expectations, Service revenue set another new all-time record in Q4 with strength across the board in App Store, music, video, payment systems, and others, and while China sales dipped 4% in Q4, they are forecast to return to growth in Q1, the analyst tells investors in a research note.