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Apple Inc. $AAPL Position Boosted by Congress Asset Management Co.
Congress Asset Management Co. significantly increased its stake in Apple Inc. ($AAPL) by 16.2% in Q4, making it their second-largest holding. Apple reported strong quarterly earnings with an EPS beat and 15.7% revenue growth, supported by robust services performance. Analysts maintain a positive outlook for Apple, citing upcoming AI product developments, senior AI hires, and a consensus price target around $297.58, despite broader tech sector weakness.