Summary Through Apple Intelligence: Melius analyst Ben Reitzes raised Apple’s price target to $260, citing optimism about upcoming iPhone product cycles, including a new “iPhone Air” in September, a foldable model in FY26, and the iPhone 20 lineup in late FY27. The firm believes these catalysts, particularly the expensive foldable model, will boost revenue growth. (MacDailyNews Take: $260 is too low)