Bernstein analyst Mark Newman raised the price target for Apple (AAPL) to $340 from $325, identifying the upcoming Apple Intelligence and Siri 2.0 launches as the stock's primary catalysts.
- The AI-driven upgrade cycle is projected to offset a 237% surge in mobile DRAM costs and potential margin pressures.
- Rising component costs are estimated to impact iPhone gross margins by 1.5 percentage points by 2027.
- Apple shares closed at $273.68 on February 10, 2026.