Analyst revisit Apple price targets after earnings, dividend, buyback news

Apple's shares surged after a robust earnings report, easing concerns about demand in China and spotlighting its AI technology plans. The company reported a 4.3% drop in revenue to $90.8 billion but exceeded Wall Street forecasts. Additionally, Apple announced a record $110 billion share buyback and a 4% dividend increase.

CEO Tim Cook outlined Apple's AI strategy, signaling significant future investments and upcoming announcements at the World Wide Developers Conference. Analysts responded positively, adjusting their price targets upwards, noting Apple's resilience in China and strong service revenue performance, which reached nearly $24 billion.