UBS raises Apple price target ahead of earnings, keeps neutral rating
UBS has raised its price target for Apple's stock from $280 to $287 ahead of the company's Q3 2026 earnings report. This increase is attributed to strong demand for the iPhone and improved supply chain management. Despite the positive outlook, UBS maintains a neutral rating due to potential long-term risks.
- ▪UBS raised Apple's price target from $280 to $287 based on strong iPhone demand.
- ▪The increase adds to a trend of analysts raising their price targets for Apple stock.
- ▪UBS analyst David Vogt noted that supply chain strength should lead to a 20% year-over-year increase in iPhone revenue.
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