MELIUS SEES MORE UPSIDE FOR APPLE AFTER $5 TRILLION RALLY Melius Research reiterated its Buy rating and $370 price target on Apple (AAPL ), calling its rally to a $5 trillion valuation one of Wall Street's most disliked. Apple is up 26% YTD, benefiting from its relatively low AI capital spending and strong buyback capacity. Melius sees further upside from higher iPhone selling prices, Services growth and new products.(彭博社)