Apple stock is expected to reach $275 with 'Apple Intelligence' driving double-digit sales growth

From Nasdaq: 2024-06-17 15:48:32

Apple (AAPL) reclaimed a $3 trillion market cap after a successful Worldwide Developer Conference (WWDC). The stock hit a record high, making Apple the world’s biggest company once again. Analysts predict the stock could reach $275, despite being above its mean target price. iPhone sales are expected to boost revenue. Tech analyst Gene Munster believes AI could trigger a double-digit sales growth for Apple in the next two fiscal years, leading to a massive refresh cycle. Despite the currently elevated valuation multiples, the company seems poised for significant growth with its AI pivot.



Read more at Nasdaq: How High Will Apple Stock Go as ‘Apple Intelligence’ Lifts Sentiment?