Raymond James Increases Apple Stock Price Target to $250, Highlights Stability and AI Potential
Key Points: Raymond James increased Apple's target from $200 to $250 per share. The firm expects a slight beat in F3Q24 results and a consistent outlook. Favorable iPhone and Mac sales trends were observed in the Asia supply chain, TSMC results, and China CAICT data. Upcoming AI features are expected to drive a multi-year iPhone upgrade cycle. Significant changes to iPhone 17 internals to enhance...