Bernstein Boosts Apple Target to $370 Amid Bullish Outlook

Bernstein analyst Mark Newman has maintained his 'Buy' rating for Apple (AAPL.US) and raised its target price to $370. According to TipRanks data, Newman's track record is impressive, with a success rate of 78.0% and an average return of 91.2% over the past year.

Newman's revised target price represents a 5.7% increase from his previous estimate of $350. This move reflects his confidence in Apple's growth prospects and the company's ability to continue delivering strong financial results.

TipRanks, an independent third-party service, provides analysis data from financial analysts like Newman and calculates their success rates and average returns. The platform uses a virtual portfolio to test the analyst's recommendations and adjust them according to changes in ratings.