Chart of Day: Apple (AAPL) – 6/24

Apple (SYM: AAPL) has more room to run.

That’s according to Bernstein analysts, who just hiked their price target to $240 with an outperform rating. “We believe the principal reason for incremental investor enthusiasm for AAPL is that investors now believe Apple can be a leader in AI, not a laggard,” they said, as quoted by CNBC.

aapl

They added, “Apple could see earnings per share in the range of $7.50 to $8 for the 2025 fiscal year. That would place it in a multiple of between 30 and 32-times, which leads to the new price target.”

Last trading at $209.68, we’d like to see it closer to $250, near-term on the AI story.

Get FREE Daily Stock Tips

Join and receive market insider stock picks, trade alerts and unique investing insights
This field is for validation purposes and should be left unchanged.
By clicking the "Subscribe" button you are accepting our Terms of Use and Privacy Policy.

Join Waitlist

We’re sorry, but due to the popularity of our services, we have reached our max number of subscribers and are not currently accepting more. If spots become available, we will be sure to contact you. Please join the waitlist below.
Thank You!

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.