Apple is expected to usher in a record upgrade cycle, with Wall Street raising its target price one after another

Zhitong
2024.07.15 13:46
portai
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Apple is expected to usher in a record upgrade cycle, with institutions such as Morgan Stanley raising their target price for Apple stock. It is predicted that Apple will ship nearly 500 million iPhones in the next two years, driving the average selling price of iPhones to increase by 5%, with total revenue reaching nearly $485 billion. At the same time, Loop Capital has also upgraded Apple's rating to "Buy" with a target price of $300. These institutions believe that Apple has the opportunity to consolidate its position as the "headquarters" for artificial intelligence preferred by consumers