AAPL - BERNSTEIN RAISES APPLE TARGET TO $340 Bernstein SocGen raised its price target on Apple to $340 from $325, maintaining an Outperform rating, citing a strong iPhone 17 cycle and better-than-expected revenue and profits. While rising memory prices are expected to lift costs and slightly pressure margins later this year, the firm believes Apple will largely offset this through price increases. Earnings estimates were raised, with FY26 and FY27 EPS now seen at $8.72 and $10.35. Bernstein says the impact on profits should be modest and that the upcoming Apple Intelligence launch will be the bigger catalyst.(*Walter Bloomberg)