From Financial Modeling Prep: 2024-11-29 11:04:00

Wedbush analysts reiterated an Outperform rating and a $300 price target on Apple (NASDAQ:AAPL), citing strong performance during the holiday season and expanding AI capabilities.

Black Friday marked the start of a crucial period for Apple, with the iPhone 16 leading the way. Global demand for the device has been meeting expectations since its September launch.

Apple Intelligence, the company’s new AI initiative, is set to launch in April, with a strategic partnership in China to drive adoption in the region.

The upcoming software version 18.2 will introduce advanced AI features like ChatGPT, solidifying Apple’s position in the AI landscape and enhancing its ecosystem. This has bolstered analyst confidence in Apple’s growth trajectory.



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