Apple stock snaps seven-day slide after Evercore target hike; Big Tech eyes CPI, earnings
Apple shares closed up 0.1% at $259.37 on Friday, ending a seven-day losing streak. Evercore ISI raised its price target to $330, citing strong iPhone demand, while Mizuho downgraded Qualcomm on weaker handset forecasts. Friday’s jobs report showed payrolls up 50,000 and unemployment at 4.4%. Investors await Tuesday’s CPI data and Apple’s Jan. 29 earnings release.