Apple gets upgraded by Loop Capital, which says iPhone adoption is about to take another leg higher

Apple shares are poised to rally from here on better-than-expected demand for its upcoming iPhones, according to Loop Capital. The investment firm upgraded Apple to buy from hold. It also raised its priced target to $315 per share from $226, implying nearly 25% upside from Friday's close. The firm's supply chain analysis indicates "that we are NOW at the front end of AAPL's long-anticipated adoption cycle that suggests ongoing iPhone shipment expansion through CY2027," wrote analyst Ananda Baruah said Monday in a note to clients. "While [Wall] Street is baking in some degree of outperformance from AAPL's iPhone 17 family of products, we believe there remains material upside to Street expectations through CY2027," Apple's plans to roll out iPhones with differentiated designs, including ligh