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Apple target lifted at Lynx Equity Strategies, says there's 'more to go'

June 17, 2024 9:29 AM EDT

Lynx Equity Strategies raised its price target for Apple (NASDAQ: AAPL) shares to $240 from $220 in a note Monday, stating there is "more to go."

Even after the sharp move in the stock post-WWDC, the investment firm does not believe many investors appreciate the real value in the stock.

"The value lies not in gigantic LLMs or snazzy demos. Rather, AAPL's value lies in a rich vein of gold that hyperscale peers do not have access to," added... More