Analysts Raise Apple Price Targets Amid AI Volatility
Financial analysts increased price targets for Apple Inc., citing its on-device AI strategy and stability compared to higher-risk artificial intelligence stocks.
Apple Inc. received several positive rating updates from financial analysts who view the company as a safe haven during volatility in the artificial intelligence sector. Bernstein SocGen Group reiterated an Outperform rating and a $380 price target, noting that Apple is largely immune to risks from falling AI datacenter capital expenditures because it partners with Google and runs many Siri AI models on-device.
Other firms also raised their outlooks based on AI expansion and revenue growth. Evercore ISI increased its price target to $380, while Wedbush Securities maintained an Outperform rating with a $400 target, citing December-quarter revenue growth guidance between 7% and 10%.
DA Davidson raised its target to $295, pointing to strong iPhone upgrades even as services growth failed to meet expectations. Bernstein SocGen Group further suggested that Apple could benefit from cheap acquisition targets if an AI bubble bursts, despite the company's price-to-earnings ratio reaching all-time highs.
