Apple: Rising Free Cash Flow Expectations Strengthen The Bull Case

Dhierin BechaiInvesting Group LeaderFollow5ShareSavePlay(9min)CommentsSummaryApple delivered Q1 results above expectations, driven by strong iPhone and services growth, particularly in China. I raise my price target to $293.08, indicating 12% upside, with a more optimistic scenario at $324.05 (24% upside) based on FY27 earnings. AAPL expects Q2 sales growth of 13%-16%, with gross margins of 48%-49% and continued double-digit services growth. Despite product strategy concerns, robust financial execution, margin expansion, and strong cash flow support maintaining a buy rating. Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum. Learn More » ozgurdonmaz/iStock Unreleased via Getty Images Apple (NASDAQ:AAPL) has gained around 1% since my last report. While not impressive, the tech giant bucked the 2.8% decline of the broader markets, which I believe is driven by a stellar Q1 performance, a good outlook forThis article was written byDhierin Bechai23.26K FollowersFollowDhierin-Perkash Bechai is an aerospace, defense and airline analyst. Dhierin runs the investing group The Aerospace Forum, whose goal is to discover investment opportunities in the aerospace, defense and airline industry. With a background in aerospace engineering, he provides analysis of a complex industry with significant growth prospects, and offers context to developments as they occur, describing how they might affect investment theses. His investing ideas are driven by data informed analysis. The investing group also provides direct access to data analytics monitors. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.