Apple Analyst Warns Investors About Betting Against Tech Giant As iPhone Maker On Cusp Of AI-Driven Supercycle: 'Flex The Muscles Moment For Cook & Co'
Portfolio Pulse from Shanthi Rexaline
Apple's shares turned higher in after-hours trading following a positive third-quarter performance and optimistic forward outlook. Analysts highlighted strong iPhone sales, healthy gross margins, and promising AI-driven growth prospects. Wedbush raised its price target for Apple from $275 to $285, maintaining an Outperform rating.
August 02, 2024 | 5:46 am
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Apple's shares rose in after-hours trading following a strong Q3 performance. Analysts highlighted robust iPhone sales, healthy gross margins, and promising AI-driven growth prospects. Wedbush raised its price target from $275 to $285, maintaining an Outperform rating.
The positive third-quarter performance, strong iPhone sales, and promising AI-driven growth prospects are likely to boost investor confidence in Apple. The raised price target by Wedbush further supports a positive short-term outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100