Apple (AAPL) PT Raised to $245 at Monness, Crespi, Hardt

Monness, Crespi, Hardt analyst Brian White raised the price target on Apple (NASDAQ: AAPL) to $245.00 (from $205.00) while maintaining a Buy rating.

The analyst comments "Apple, Inc. (AAPL – Buy – $218.36): Raising Estimates and Increasing Price Target to $245. Last night, Apple reported 3Q:FY24 upside and issued a healthy 4Q:FY24 revenue outlook. Next up, we expect Apple to host its traditional September event with the iPhone 16 family in the spotlight and more details on the beta rollout of Apple Intelligence. Apple continues to innovate with industry-leading products supported by a powerful digital grid and is now embarking on a journey into gen AI with Apple Intelligence; however, regulatory headwinds persist, geopolitical risks continue, and we believe the darkest days of this economic quagmire are ahead of us. We are raising our estimates and increasing our 12-month price target to $245 from $205."

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