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UBS raises its price target on Apple shares to $287 from $280.
UBS raised Apple's price target to $287 due to strong device demand amid memory shortages.
KEY POINTS
- UBS now expects Apple's fiscal Q3 revenue at $102 billion, an 8.5% year-over-year increase.
- UBS increased its iPhone unit forecast to 50.3 million, citing memory-driven share gains.
- Apple has managed to secure enough silicon and memory, overcoming supply chain challenges.
COMPANIES
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