Apple Stock Upgraded to Buy with $260 Price Target, Driven by Privacy-Focused AI Initiatives from 100 per Watch Video
Preview(s):
Gallery
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:36 👁 View: 6M times ✓ Published: 28-Jun-2024
Description: Rosenblatt analyst Barton Crockett has upgraded Apple stock from Neutral to Buy and increased its price target to $260 per share. The upgrade is driven by Apple's privacy-focused AI initiatives and the analyst's view that these initiatives position Apple well versus competitors in the AI space. Consumer surveys cited in the analyst's note found that privacy is the top feature consumers want from AI assistants. The analyst also cites Apple's in-house silicon design as providing an advantage over competitors who rely on third-party chips.
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)