AppleInsider · November 12, 2026 — 18:23
New AAPL $425 target bets big on unproven iPhone Duo supercycle
China Renaissance has raised its Apple price target by over 50% to $425, betting that the iPhone Duo will spark a major upgrade cycle despite limited evidence that early demand will translate into sustained sales.iPhone DuoThe Chinese financial services firm upgraded Apple from Hold to Buy on November 11, reversing a downgrade issued just 99 days earlier. China Renaissance previously…
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8% through its typical release cycle
