Daiwa Raises Apple Price Target to $375 While Warning of Future Growth Headwinds
Apple (AAPL) reported record fiscal 2026 revenue of $478 billion, a 15% year-over-year increase driven by strong iPhone 17 demand. Despite the company's stock rising nearly 27% year-to-date, Daiwa Capital Markets has issued a cautionary note regarding the sustainability of this momentum. While Daiwa raised its 12-month price target for Apple to $375 from $335, analysts warn that growth may face significant pressure starting in late April. Key concerns include rising memory costs, supply constraints for critical hardware components like the new Duo product, and difficult year-over-year comparisons heading into 2027.
Tickers: $AAPL
Topics: analyst upgrade iPhone demand revenue growth supply chain constraints