Ahead Of WWDC, Apple Analyst Foresees AI Integration Boosting Stock Value by $30-$40 Per Share: 'New AI Era For Cupertino Begins'
Portfolio Pulse from Shanthi Rexaline
Ahead of Apple's WWDC, analyst Daniel Ives from Wedbush predicts that AI integration will significantly boost Apple's stock value by $30-$40 per share. Ives maintains an Outperform rating and a $275 price target for Apple, suggesting a 40% upside potential. The conference is expected to unveil Apple's AI strategy, including a partnership with OpenAI and the introduction of an AI App Store, which will drive growth in iPhone and Services.
June 10, 2024 | 1:57 pm
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Analyst Daniel Ives from Wedbush maintains an Outperform rating and a $275 price target for Apple, predicting that AI integration will boost the stock value by $30-$40 per share. The upcoming WWDC is expected to unveil significant AI advancements, including a partnership with OpenAI and an AI App Store.
The analyst's positive outlook and high price target suggest strong confidence in Apple's AI strategy and its potential to drive significant growth. The WWDC is seen as a pivotal event for Apple, likely to introduce new AI features and partnerships that will enhance its ecosystem and monetization opportunities.
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