(CercleFinance.com) – Apple is making progress on the stock market this Friday on Wall Street, with Wedbush having raised its price target on the stock from $250 to $275, while maintaining its ‘outperform’ opinion.
The action gained 1.2% in the very first trading, in a US stock market up around 0.3%.
In a note released yesterday evening, Wedbush Securities was optimistic about the value, anticipating strong demand for the future iPhone 16 with the arrival of new features linked to AI.
The American broker estimates that the next developers conference (WWDC) to be held on June 10 will constitute ‘the most significant event’ for the technology group in ten years.
According to Wedbush, the American giant should take the opportunity to unveil large language models (LLM) both pre-installed on its upcoming devices, but also as applications available in ‘cloud’ mode.
‘We believe that the AI technology that will be integrated into the Apple ecosystem will generate significant opportunities in terms of monetization, both at the service level but also with regard to iPhone and iPhone sales. ‘devices’, he emphasizes.
According to his calculations, these projects could add between 30 and 40 dollars of value to each Apple share, knowing that the group today has an installed base of some 2.2 billion users.
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