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Likes Received$Apple(AAPL.US) smells a bit like hype.
Apple rises as Baird bumps price target on AI opportunity
Apple shares rose as Baird raised its price target on the company, citing the opportunity to boost iPhone sales through its artificial intelligence initiative. Baird analyst William Power raised his price target to $240 and expects iPhone revenue to be $216.1B in fiscal 2025. Power also noted that upgrade rates at AT&T and Verizon have been low, suggesting consumers may be waiting for AI on smartphones. Apple is set to report Q3 results on August 1.
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