We’re raising our price target on Apple after its big earnings beat and raise

Tim Cook, chief executive officer of Apple Inc., arrives for opening ceremony of the new Apple Jing’an store on March 21, 2024 in Shanghai, China. 
Vcg | Visual China Group | Getty Images

Apple did it again: Despite all the worries about China, the consumer tech giant hit back with beats on the top and bottom lines, sending shares up 6% in after-hours trading.

This is why we own it. This is why we don’t trade it.

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