Analyst predicts Apple stock to hit $4 trillion market cap in AI-driven growth era
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Wedbush Securities analyst Dan Ives has raised his 12-month price target for Apple Inc. (NASDAQ: AAPL) from $300 to $325, citing AI-driven growth. This is the highest target on Wall Street, and it suggests a potential market cap of $4 trillion for Apple.
December 27, 2024 | 2:45 pm
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Wedbush Securities analyst Dan Ives has increased Apple's 12-month price target to $325, the highest on Wall Street, driven by AI growth prospects. This suggests a potential $4 trillion market cap.
The increase in the price target by a reputable analyst to the highest on Wall Street is a strong positive signal for investors. The focus on AI-driven growth aligns with current market trends, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100