Apple (AAPL) Delivers Solid Beat — Jefferies Softens Bearish Stance

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks on the Market’s Radar. On October 31, Jefferies upgraded the stock rating from “Underperform” to “Hold” while raising its price target to $246.99 from $203.07. The rating upgrade follows Apple’s September quarter revenue growth of estimated 8%, topping both Jefferies estimates and consensus expectations by 6% and 1% respectively. The iPhone’s revenue growth was weaker at 6%. However, other products, including Mac and iPad outperformed expectations. The com ...