Loop Capital keeps a Buy rating and $300 price target on Apple (AAPL) but raises the firm’s Q3 iPhone revenue view to $49.3B from $48.6B and unit sales estimate to 53.5M from 52.5M. The firm’s supply chain work suggests that iPhone shipments are tracking stronger than anticipated, the analyst tells investors in a research note. Loop adds however that it implied 33-times expected 2026 earnings multiple is at the higher end of post-COVID 20- to 35-times range.
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