<div id="readability-page-1"><div><div><p><strong>Jefferies Financial Group Inc</strong>. has raised its price target for <strong>Apple Inc.</strong> <span>AAPL</span> from $190.67 to $205.82, citing tariff relief and the potential of an AI-driven Siri service in 2026.</p><h2>Apple Price Target Raised Amid Tariffs, AI, Antitrust Hopes</h2><p>Although Jefferies maintains a Hold rating, it has raised its price target for Apple, placing it within the current analyst range of $175 to $300, reported Investing.com on Monday. </p><p>Jefferies highlighted tariff relief, potential U.S. antitrust remedies, and the anticipated AI-driven Siri service as key factors that have propelled Apple’s stock up by 18% over the last three months.</p><h2>Weak Demand, High Costs And Legal Risks: Jefferies</h2><p>Despite the price target increase, Jefferies raised concerns about Apple's fundamentals, citing a “saturated smartphone market,” “lack of technological innovations,” and rising “bill of materials costs for AI features” amid uncertain consumer demand.</p><p><em>Check out the current price of AAPL stock here.</em></p><p>Jefferies remains “unexcited” about the upcoming iPhone 17, despite favorable U.S. consumer survey results, stating that Apple stock is “unattractive” at a 30 times FY26 estimated price-to-earnings ratio compared to a 15% compound annual growth rate.</p><p>Jefferies also cautioned that “pull-in demand” in the third quarter of fiscal year 2025 could result in a revenue miss in the fourth quarter of fiscal year 2025.  These concerns, along with the ongoing patent infringement lawsuit filed by Cerence Inc, could impact Apple’s stock performance in the future.</p><p>Meanwhile, <strong>HSBC </strong>has reaffirmed its “Hold” rating on Apple stock, maintaining a price target of $220. <strong>MoffettNathanson </strong>upgraded Apple from “Sell” to “Neutral,” setting a new price target of $225, citing the resolution of several key risks.</p><h2>Tariff Relief After Diversifying Production Base</h2><p>The tariff relief comes after Apple’s CEO, <strong>Tim Cook</strong>, successfully navigated the tariff issue with the Trump administration. Despite this, Apple was expected to raise the prices of its new iPhones.</p><p>In August 2025, Apple was focusing on diversification to combat rising tariff rates, reaching a significant production milestone in India. This diversification strategy could have contributed to the tariff relief that Jefferies cites as a factor in Apple’s stock rise.</p><p><strong>Benzinga Edge Stock Rankings </strong>shows that Apple had a strong price trend over the short term, medium and long term. Check the detailed report here to assess the other ratings. </p><p><strong>READ NEXT:</strong></p><ul> <li><strong>Apple iPhone 17 Event: Ultra-Thin iPhone 17 Air, Apple Watch 11, AirPods Pro 3 And More Expected On ‘Awe Dropping’ Day<br/></strong></li> </ul><p><em>Image via Shutterstock</em></p></div></div></div>

AAPL

AAPB

AAPD

AAPU

AAPX

AAPY

APLY

<p>Top Analyst 'Unexcited' About iPhone 17 Event, Despite Boosting Apple Stock Price Target, Cautions Q4 Revenue Miss</p>

- Jefferies Financial Group Inc. has raised its price target for Apple Inc. from $190.67 to $205.82, citing tariff relief and the potential of an AI-driven Siri service in 2026.  
- Despite this increase, Jefferies expressed concerns about Apple's fundamentals, including a saturated smartphone market and rising costs, while maintaining a Hold rating.  
- Other analysts, such as HSBC and MoffettNathanson, have also reaffirmed their ratings, with price targets of $220 and $225, respectively, amid ongoing legal risks and market uncertainties.

Benzinga

Apple

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AAPL Bull 2X Shares

T-Rex 2X Long Apple Daily Target ETF

Kurv Yield Premium Strategy Apple Aapl ETF

YieldMax AAPL Option Income Strategy ETF

Top Analyst 'Unexcited' About iPhone 17 Event, Despite Boosting Apple Stock Price Target, Cautions Q4 Revenue Miss