Apple stock expected to gain with AI integration, smartphone market recovery, and increased target price to $250 by Raymond James.
Apple stock may sustain its recent rally and deliver healthy gains over the next year based on AI integration, smartphone market recovery, and a target price increase from Raymond James analysts to $250. Apple Intelligence, deeply integrated into iOS, iPadOS, and macOS, is seen as a stable AI play in volatile times. Analysts expect a slight earnings beat and largely in-line outlook, with AI features potentially driving a multi-year iPhone upgrade cycle.
July 26, 2024
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