Chart of Day: Apple (AAPL) – 11/14

Keep an eye on Apple (SYM: AAPL).

After finding support at $220, the tech giant is attempting to push higher. From its last traded price of $224.23, we’d like to see it initially retest $235.

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Helping, analysts at Evercore ISI just reiterated Apple’s outperform rating, noting that the stock is also a top pick heading into the new year. The firm added: “Beyond AI, we continue to expect solid growth out of Services (low teens) and Wearables (HSD) in FY25 along with continued strength in margins. This growth coupled with steadily accelerating iPhone y/y growth should enable Apple stock to work higher as we go through 2025,” as quoted by CNBC.

Earlier this month, analysts at Maxim Group also raised their price target on Apple to $215 from $203 with a hold rating. Analysts at UBS have a $236 price target. Plus, Apple is expected to announce a new AI wall tablet as early as March 2025, according to Bloomberg.

As noted by Bloomberg, the wall-mounted display can “control appliances, handle video conferencing and use artificial intelligence to navigate apps. The product, code-named J490, could be announced as early as March, the report said, adding that it will spotlight the new AI platform, Apple Intelligence.”

All as the company competes with other AI rivals including Google and Amazon.

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