Apple (AAPL) Upgraded to Buy at Loop Capital as Multi-Year iPhone Growth Cycle Begins

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Making Moves on Wall Street. On October 20, Loop Capital upgraded the stock to “Buy” from Hold and raised its price target to $315 from $226 per share. The firm cited stronger-than-expected demand for the iPhone 17 and a multi-year growth cycle extending through 2027 behind the rating upgrade. Loop Capital noted that “we are NOW at the front end of AAPL’s long-anticipated adoption cycle that suggests ongoing iPhone shipment expansion through CY2027.” It no ...