Apple Shares Surge on Strong iPhone 17 Launch Performance

Apple’s latest iPhone 17 launch has delivered a powerful and largely unexpected boost to investor sentiment, propelling the company’s stock significantly higher. Initial perceptions of an incremental upgrade were quickly dispelled as consumer demand surged, resulting in long queues at retail locations globally and a substantial uptick in the share price.

Leading the wave of analyst upgrades, JPMorgan increased its price target on Apple shares from $255 to $280, maintaining an “Overweight” recommendation. The adjustment was attributed to the new iPhone models’ remarkably robust demand, which surpassed all projections following their market debut on Friday. The equity responded immediately, posting a single-day gain of 3.2%.

The optimism was not isolated. Tigress Financial Partners established an even more bullish price objective of... Read more...