Loop Capital analyst Ananda Baruah upgraded Apple (AAPL) to Buy from Hold with a price target of $315, up from $226. Loop’s supply chain checks indicate iPhone shipments will expand through 2027 amid refresh and design cycles, the analyst tells investors in a research note. The firm sees “material upside” to consensus iPhone estimates through 2027. It believes Apple could be starting three consecutive record iPhone shipment years.
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