Analysts update Apple stock price target

Bernstein analyst Toni Sacconaghi has raised his price target for Apple Inc. (NASDAQ: AAPL) from $240 to $260, citing the company’s strong fundamentals and continued growth trajectory. In his comments, Sacconaghi emphasized Apple’s status as a “quality compounder” driven by mid-single-digit revenue growth, improving profit margins, disciplined capital returns, and double-digit EPS growth. He further highlighted Apple’s growing position as a platform company, with over 2.3 billion devices and nearly one bill ...