Daiwa Raises Apple's Target Price to USD 310; Supply Chain Position Expected to Be Highly Favorable
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12h ago
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Should l Buy ?
Source: aastocks
Apple's Strong Financial Performance: Apple reported a 16% year-over-year revenue increase to USD 143.8 billion for 1QFY26, surpassing expectations by USD 5 billion.
Supply Chain Constraints: The company's strong performance has led to reduced channel inventory, with supply chain issues particularly affecting TSMC's 3nm SoC chip supply.
Market Positioning: Qualcomm indicated that memory supply will influence the smartphone market size, and Apple's historical supply chain advantages position it favorably in a constrained environment.
Analyst Rating Update: Daiwa raised its target price for Apple from USD 300 to USD 310 while maintaining an Outperform rating.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
