Wedbush Raises Apple's Price Target to $325, Citing AI Growth Potential

Wedbush analyst Daniel Ives has raised Apple’s price target to $325, the highest on Wall Street, citing the company’s potential for growth in artificial intelligence (AI) over the next few years. Ives believes that Apple’s AI capabilities, particularly in areas like Siri, autonomous systems, and machine learning, will be a key driver of growth and innovation. He expects Apple to make ‘strategic AI acquisitions’ and leverage its vast installed base to monetize AI services. Ives also notes that Apple’s services segment, which includes offerings like Apple Music, iCloud, and the App Store, will benefit from AI integration. The analyst maintains an ‘Outperform’ rating on Apple stock, highlighting the company’s ability to capitalize on the AI boom and its strong product pipeline, including the upcoming AR/VR headset and potential Apple Car project.

Source: https://markets.businessinsider.com/news/stocks/wedbush-apple-stock-price-target-street-high-325-ai-growth-2024-12