From Nasdaq: 2024-06-22 11:50:02

Apple (NASDAQ: AAPL) enters the AI race with a partnership with OpenAI, incorporating ChatGPT into future products. Stock prices surged 9% post-announcement, prompting Bernstein to raise price target to $240. Analysts see potential in revenue growth due to AI integration, but warn of already high valuation at 32.5 times earnings.

Despite Bernstein’s positive outlook, Apple stock’s steep valuation prompts caution. Stock Advisor recommends 10 other stocks over Apple for potential high returns. The service has outperformed the S&P 500 since 2002, offering guidance on portfolio building and two monthly stock picks. Consider diversified investment options for maximum gains.



Read more at Nasdaq: Is Apple Stock Going to $240? 1 Wall Street Analyst Thinks So.