Apple stock touches intraday high after nod of confidence from Wall Street
Published On Dec 26, 2024, 10:42 AM
Apple's stock reached an all-time high of $260 after Wedbush analyst Dan Ives raised his price target to $325, citing a projected multi-year AI-driven iPhone upgrade cycle. This optimism comes despite previous struggles with iPhone sales and regulatory issues. The stock has seen an 11% increase over the last month, and while Apple is approaching a $4 trillion market cap, analysts warn of potential macroeconomic challenges, including tariffs and inflation.
Stock Forecasts
AAPL
Positive
With the bullish outlook from analysts and strong recent stock performance, Apple is likely to continue its upward trend, driven by projected growth in AI features and iPhones. However, external economic factors could temper this growth.
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