MELIUS SEES MORE UPSIDE FOR APPLE AFTER $5 TRILLION RALLYMelius Research reiterated its Buy rating and $370 price target | Hanami
MELIUS SEES MORE UPSIDE FOR APPLE AFTER $5 TRILLION RALLY
Melius Research reiterated its Buy rating and $370 price target on Apple ($AAPL ), calling its rally to a $5 trillion valuation one of Wall Street's most disliked.
Apple is up 26% YTD, benefiting from its relatively low AI capital spending and strong buyback capacity.
Melius sees further upside from higher iPhone selling prices, Services growth and new products.