Wedbush’s Dan Ives Raises Apple Price Target to $400 on $15 Billion AI Services Opportunity

Wedbush’s Dan Ives raises Apple price target to $400 on $15 billion AI services opportunity

That’s one way to win the AI revolution....

Apple stock price target raised by Wall Street analysts

Apple (NASDAQ: AAPL) stock received a bullish update from Wedbush on May 8, as the company raised its price target on the iPhone maker from $350 to a Street-high $400. The wealth management firm argued that Apple is entering a new phase driven primarily by artificial intelligence (AI) and expects that roughly 20% of the world’s population is going to access the new technology through an Apple device. Moreover, Wedbush analysts believe that monet…

Wedbush raises its Apple target $50 to Street-high $400

"We believe Apple is the sleeping tech giant about to see a major inflection point in growth as Cupertino is set to finally unveil its AI…