Apple Analyst Turns Focus To 'Apple Intelligence,' Chinese Market Share Ahead Of Q3 Earnings
Portfolio Pulse from Hayden Buckfire
Bank of America analyst Wamsi Mohan reiterated a Buy rating for Apple Inc (NASDAQ:AAPL) with a price target of $256 ahead of its Q3 earnings report on August 1. Mohan predicts slightly higher-than-expected revenue and EPS, and highlights the importance of AI, Chinese market share, and services revenue. Apple’s new AI initiative, 'Apple Intelligence,' is expected to drive an upgrade cycle and boost revenue.
July 29, 2024 | 5:35 pm
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Bank of America analyst Wamsi Mohan reiterated a Buy rating for Apple Inc (NASDAQ:AAPL) with a price target of $256 ahead of its Q3 earnings report. Mohan predicts slightly higher-than-expected revenue and EPS, and highlights the importance of AI, Chinese market share, and services revenue. The new AI initiative, 'Apple Intelligence,' is expected to drive an upgrade cycle and boost revenue.
The analyst's Buy rating and price target of $256, along with slightly higher-than-expected revenue and EPS predictions, are positive indicators for Apple's stock. The focus on AI, Chinese market share, and services revenue, along with the new 'Apple Intelligence' initiative, are expected to drive an upgrade cycle and boost revenue.
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