Wedbush: Apple AI-driven super cycle about to begin
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- S&P closes at record high as soft jobs report eases rate-hike concerns
- Atlassian results seen as 'game changer' for AI kills software worries
- US suffers unexpected job losses in July, markets dial back rate hike expectations
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Apple (AAPL) PT Raised to $250 at Evercore ISI
June 25, 2024 6:06 AM EDTEvercore ISI analyst Amit Daryanani raised the price target on Apple (NASDAQ: AAPL) to $250.00 (from $220.00) while maintaining a Outperform rating.
The analyst comments "Apple stock has seen a nice increase since WWDC, but we still think there is more room to run as we see potential for material upside to current iPhone revenue... More
Apple (AAPL) is JPMorgan's best pick in Edge AI
June 24, 2024 7:50 AM EDTJPMorgan analysts see Apple (NASDAQ: AAPL) as well-positioned in the Edge AI hardware market, highlighting its large iPhone user base and potential for higher profits compared to competitors.
In its note, the investment bank emphasizes a shift towards "Profit TAM [Total Addressable... More
JPMorgan on Apple (AAPL): 'we don’t see a significant impact to the upgrade cycle'
June 24, 2024 6:12 AM EDTJPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $245.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "With investors starting to get onboard steadily with the idea of a robust upgrade cycle to the AI-enabled iPhones to be launched by the company... More
