Analyst Amit Daryanani from RBC Capital Markets raised his price target from $125 to $140 in the past week. His stance on EPS/Revenue conformed with AAPL’s outlook range. As he estimates revenue of $52.6 billion for Q2’17 and EPS of $1.99. Here was a basic summary of the points he had raised:Fundamentally, we think there were several points for investors to like here – 1) China demand was stronger than expected, with core China sales up 6% y/y and >50% of iPhone sales were to 1st time iOS buyers/switchers, 2) despite robust strength in Dec-qtr, AAPL didn’t achieve optimal channel inventory exiting Dec-qtr giving confidence in Mar-qtr guide, 3) Mar-qtr gross-margins are depressed by 80bps due to f/x issues - should this stabilize we could see further upside, 4) Services grew 18% y/y despite tough compares and is positioned to sustain double digit growth through FY17, 5) high probability of repatriation and tax reform, could unlock the $200B+ of cash on AAPL’s balance sheet, and 6) we think the print enables us to see a path towards >$10.00 EPS power through the iPhone 8 cycle.Overall, the arguments cited in favor of buying AAPL shares seems well-known and has been priced in. At this point, I believe investors are getting antsy over whether AAPL can deliver a better than expected Q2’17 figure when compared to its financial outlook for the next quarter.