📈📱 Apple stock at a new high!
Shares of Apple $AAPL saw a significant rise in Monday's trading, reaching a record high thanks to optimistic forecasts fromWall Street analysts . This gives the company an edge over Microsoft $MSFT, as @krystofjane wrote . 🚀📈
Since the introduction of new technologies Apple Intelligence and plans to integrate artificial intelligence into iPhone 16 the company's market value has increased by a staggering 300 billion dollars. 📊💡 Investors expect these innovations to lead to a massive cycle of new device purchases.
Apple is focusing on major improvements Siri and integrating artificial intelligence into its entire ecosystem of products, including iPhones, iMacs and iPads. This includes tasks like text generation, photo editing and improved search. 🔍📸
According to an analyst at Morgan Stanley, investors still underestimate the importance of Apple Intelligence. So he raised his target price on Apple stock to $273 and called the company a "Top Pick" among technology stocks. 🏆📈
The analyst from Loop Capital raised his target price to an even $300 per share, with a recommendation "Buy." 🌟📊 Generative AI could be a breakthroughfor Apple similar to the iPhone for social media or the iPod for digital content consumption. 🌐🎵
Apple will release its fiscal third quarter results August 8, where earnings are expected USD 1.34 per share on sales of USD 84.2 billion. 📅💵
The company's sales in India grew last year by 33 % to nearly $8 billion, reflecting strong global demand. 🌏📱
Personally, I think the company has a promising future ahead.
What is your opinion on Apple's current price?
That's right. I was immediately thinking of replacing my phone while watching WWDC, but since AI won't be available in Europe (thank you EU), I won't be buying anything :)
Agreed, it's a great company and still has room to grow. The price is already high for me at the moment. I wouldn't buy below $195.