Moffett Nathanson analyst Craig Moffett has increased his 12-month price target for Apple (AAPL) to $270 from $241, while maintaining a “Neutral” rating. The analyst notes Apple’s premium valuation is supported by its recurring revenue, device ecosystem, and strong free cash flow, but upside may be limited by maturing hardware growth, regulatory scrutiny, and consumer demand sensitivity. Despite robust margins and consistent share repurchases, significant multiple expansion is unlikely without a reacceleration in revenue growth, possibly driven by new AI devices or services monetization.
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Apple Inc. (AAPL) Moffett Nathanson Raises Price Target
Moffett Nathanson analyst Craig Moffett has increased his 12-month price target for Apple (AAPL) to $270 from $241, while maintaining a “Neutral” rating. The analyst notes Apple’s premium valuation is supported by its recurring revenue, device ecosystem, and strong free cash flow, but upside may be limited by maturing hardware growth, regulatory scrutiny, and consumer demand sensitivity. Despite robust margins and consistent share repurchases, significant multiple expansion is unlikely without a reacceleration in revenue growth, possibly driven by new AI devices or services monetization.