Apple price target raised to $290 from $260 at DA Davidson

DA Davidson raised the firm’s price target on Apple (AAPL) to $290 from $260 and keeps a Buy rating on the shares. The company’s mixed results in Q1 had positive notes in various segments that were slightly overshadowed by some negatives, primarily out of Greater China, but that being said, Apple Intelligence is clearly benefiting iPhone growth in regions/countries where it is available, the analyst tells investors in a research note. While it is still being rolled out slower than initially anticipated, new regions will have their hands on Apple Intelligence soon, along with new features for existing users, the firm added.