In a report released yesterday, Aaron Rakers from Wells Fargo maintained a Buy rating on Apple (AAPL – Research Report), with a price target of $245.00.
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Aaron Rakers has given his Buy rating due to a combination of factors highlighted during Apple’s WWDC ’25 keynote. A significant development is the introduction of the Foundation Models Framework, which allows developers and third-party applications to integrate Apple’s on-device LLM models. This move is seen as a crucial step for enhancing Apple’s AI capabilities and increasing personalization, particularly with Siri, although more updates are expected in the future.
Another factor influencing the Buy rating is the unveiling of the new Liquid Glass User Interface, which showcases Apple’s ability to seamlessly integrate hardware and software. This new design language enhances user experience by providing a fluid and translucent interface that adapts to content, thereby optimizing screen real estate. Additionally, the introduction of AI-enabled features such as live translation, visual intelligence, and enhanced CarPlay integration further solidifies Apple’s position as a leader in innovation, making it an attractive investment opportunity.
In another report released today, Raymond James also reiterated a Buy rating on the stock with a $230.00 price target.
AAPL’s price has also changed moderately for the past six months – from $246.750 to $201.450, which is a -18.36% drop .
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