Daiwa raises Apple's stock target price to $230 against the trend! Future leader in AI smartphones?

mitrade
2024.08.07 09:21
portai
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Daiwa raised Apple's stock target price against the trend to $230. Daiwa believes that Apple AI is the key to increasing average selling prices and the 2025 upgrade cycle. Daiwa has raised its revenue forecast for Apple's fiscal year 2024 to $391 billion and fiscal year 2025 to $420 billion. Daiwa remains optimistic about Apple, raising the target price from $210 to $230 and maintaining an "outperform" rating. Apple's stock price rose 0.76% in pre-market trading to $208.80