Apple gains after iPhone sales surprise, Analyst ups target
Apple stock extended gains as Jefferies upgraded it to 'hold', citing a 15% year-on-year jump in iPhone sales for April-May. Analyst Edison Lee raised the price target to $188.32, projecting an 8-10% revenue and EPS beat in Q2. Tariff risks linger, but optimism over Siri upgrades and China rebound is boosting sentiment.