Apple brings ChatGPT and more AI to devices, Wall Street unimpressed
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Lightshed Partners Upgrades Apple (AAPL) to Neutral, 'Can’t Disprove the Hype (Yet)'
June 11, 2024 3:34 PM EDTLightshed Partners analyst Walter Piecyk upgraded Apple (NASDAQ: AAPL) from Sell to Neutral.
The analyst comments "The pace at which companies have integrated AI into applications and devices has been impressive and only scratches the surface of what is possible. AI is... More
Rosenblatt Reiterates Neutral Rating on Apple (AAPL)
June 11, 2024 6:34 AM EDTRosenblatt analyst Barton Crockett reiterated a Neutral rating and $196.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Apple sells over 200 million iPhones a year, and has an iPhone installed base of over 1 billion devices. But only about 10% of the... More
JPMorgan Reiterates Overweight Rating on Apple (AAPL)
June 11, 2024 5:41 AM EDTJPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $225.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Apples keynote at WWDC showcased enough enhancements on the feature sets across native apps and third-party apps with integration of A(pple) I(ntelligence) to assure us of the expected upgrade cycle with the launch of the iPhone 16 and release of iOS18 in the fall of this year. While the shares might be taking a breather today after recent outperformance into the event on the absence of any killer apps, our experience with... More
BofA Securities Reiterates Buy Rating on Apple (AAPL)
June 11, 2024 5:38 AM EDTBofA Securities analyst Wamsi Mohan reiterated a Buy rating and $210.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "We believe Apples WWDC was the best WWDC conference in a long time as it introduced AI for the rest of the people.... More
UBS Reiterates Neutral Rating on Apple (AAPL)
June 10, 2024 8:48 AM EDTUBS analyst David Vogt reiterated a Neutral rating and $190.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "GenAI interest solid in China but muted elsewhere as cost & privacy are concerns. Somewhat not surprisingly in our view, a high price was cited... More
Apple (AAPL): What is the cloud strategy?
June 10, 2024 8:29 AM EDTLynx Equity Strategies analysts remain bullish on Apple (NASDAQ: AAPL) despite a stock price increase leading up to a major event focused on AI advancements. Their optimism hinges on Apple's potential for an "AI-triggered refresh cycle."
While the event is expected to highlight developer tools, Lynx Equity emphasizes its core belief: "Apple Silicon offers the highest efficiency... More
