07:35 AM EDT, 10/31/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target to $310 from $280 on a P/E of 32.5x our CY 27 view of $9.56, above historical to reflect opportunities tied to AI, new device form factors foldables, Services upside, and margin expansion potential. After better-than-expected Sep-Q and guidance that exceeded our views (AAPL sees sales +10%-12% in Dec-Q vs. our 6% estimate), we raise our FY 26 (Sep.) EPS estimate to $8.47 from $8.09 and FY 27 to $9.36 from $8.95. We see a 10%-plus increase in both iPhone and China related sales in the Dec-Q after disappointing in the Sep-Q (attributed to supply chain bottlenecks), as the iPhone 17 is seeing strong demand for the Pro devices in Western markets and base device in China. Services are again seen growing above our forecast in the Dec-Q (+14%) and driving greater than anticipated expansion in gross margins (47.5% in Dec-Q), as we still see a path towards +50%. Despite limited comments on AI strategy (as expected), we think the iPhone 18 will be a strong AI-fueled/foldables upgrade cycle.