Wedbush analyst Daniel Ives raised the firm’s price target on Apple (AAPL) to $400 from $350 and keeps an Outperform rating on the shares. The firm, which believes Apple is “the sleeping tech giant about to see a major inflection point,” estimates about 20% of the world’s population will access AI through an Apple device over the coming years.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- TSMC Revenue Surges 17.5% in April — What It Means for Nvidia and Other AI Chip Stocks
- Apple sued by Rave over removal of video-sharing app, Reuters reports
- Apple reaches late testing for new AirPods, Bloomberg reports
- Notable open interest changes for May 7th
- Apple’s (AAPL) AI Comeback May Begin with AirPods that Have Cameras