"Apple's Q1 FY2026 revenue of $143.76 billion marked a 15.7% year-over-year increase, with EPS of $2.84 beating consensus by 6.34%. iPhone revenue reached a record $85.27 billion, reflecting a 23.3% growth, while Services revenue hit an all-time high of $30.01 billion."
"The bull case for Apple projects a price of $367.23 within 12 months, driven by unprecedented demand for the iPhone 17 and a rebound in Greater China revenue, which increased to $25.53 billion from $18.51 billion a year earlier."
"Apple's trailing P/E of 34x and forward P/E of 32x suggest limited room for disappointment, particularly concerning potential tariffs, the DOJ Google search case, or a slowdown in China."
Apple's stock trades at $267.61, with a price target of $323.19, suggesting a 20.77% upside. Despite a recent decline, shares are up 28.42% year-over-year. Q1 FY2026 revenue reached $143.76 billion, with record iPhone and Services revenue. The bull case estimates a price of $367.23, driven by strong iPhone demand and a significant buyback. Risks include high P/E ratios and insider selling, but the fundamentals remain strong.
Read at 24/7 Wall St.
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