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Melius Research hikes Apple price target to $385 ahead of WWDC
Wall Street’s resident Apple bulls are at it again, and this time they’re not mincing words. Melius Research just cranked their price target on Apple from $355 all the way up to a shiny new $385, declaring that the company “may be on the brink of some real AI sizzle.” In a note issued ahead of next week’s Worldwide Developers Conference (June 8-12), the firm is betting big on Apple finally…
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Apple's stock can recover, despite embarrassing AI delays - analyst
Apple has faced significant criticism for postponing “Apple Intelligence” artificial intelligence enhancements, especially to its neglected Siri personal assistant. However, analysts at Melius Research, under the leadership of Ben Reitzes, argue that the stock still has potential for a rebound. Brian Swint for Barron’s: Reitzes said the company’s upgrade to the iPhone X a few years ago offers…
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Apple’s stock is up 25% from its April low. Analyst sees it adding another 25%
An analyst thinks Wall Street is still underestimating Appel Intelligence’s potential to drive iPhone, iPad, and Mac upgrades. Emily Bary for MarketWatch: Apple Inc. is making up for time spent being seen as an artificial-intelligence laggard, with shares up more than 25% from their April lows in a move that partly reflects optimism about the latest AI announcements at WWDC. But Apple shares…
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