Wall Street Gunning For 14% Rally In Apple Stock Despite Slow 2024 So Far Compared To Mag 7 Peers: 'AI... Will Aid Multiple Years Of Growth'
Portfolio Pulse from Navdeep Yadav
Apple Inc. (NASDAQ:AAPL) is expected to see a 14% surge in its stock price due to advancements in AI, according to CFRA and Bernstein. Despite a slower year compared to its Mag 7 peers, analysts have raised their price targets to $240 per share. Apple's AI initiatives, particularly the 'Apple Intelligence' product, are anticipated to drive consumer upgrades and long-term growth.
June 22, 2024 | 8:21 am
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Apple Inc. (NASDAQ:AAPL) is projected to experience a 14% increase in stock price due to its advancements in AI, with analysts from CFRA and Bernstein raising their price targets to $240 per share. The company's AI initiatives, particularly the 'Apple Intelligence' product, are expected to drive consumer upgrades and support long-term growth.
Both CFRA and Bernstein have raised their price targets for Apple to $240 per share, citing the company's advancements in AI. This is expected to drive consumer upgrades and support multiple years of growth, making the stock likely to go up in the short term.
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