Citi's recent report on Apple Inc. (AAPL) has sparked investor optimism, as the firm maintains a "Buy" rating and raises its target price to $275, citing upcoming catalysts like the iPhone SE4 launch and the iOS 18.4 update. These developments, along with Apple's focus on AI security and the DeepSeek breakthrough, are expected to drive growth despite a slight decline in iPhone sales. The report also highlights Apple's strong performance in Mac and iPad sales, which helped offset weaker results in Greater China. Investors seem encouraged by the projected 32x P/E multiple on FY2026 EPS, reflecting confidence in Apple's expanding gross margins and growing services sales mix.
The Direxion Daily AAPL Bull 1.5X Shares (AAPU) surged 7.07% to $35.75 as of 6:40 AM on Friday, January 31.