Apple Stock To Rise Despite Memory Chip Crunch, Says Top Analyst— Hints At 'Bigger Story' Unfolding In 2026
Benzinga
Despite a global memory chip shortage that could reduce Apple's margins by 1.5 percentage points, Bernstein analyst Mark Newman raised his price target on Apple stock to $340 from $325, citing the upcoming launch of Apple Intelligence and Siri 2.0 as the key growth driver for 2026. Newman expects component costs to rise 15% and average selling prices to surge 12%, but believes the broader Apple Intelligence story will overshadow these headwinds.
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