Apple Stock Gets Target Boost From Analyst Who Sees 'Golden Era of Growth' With AI
Apple Stock Gets Target Boost From Analyst Who Sees 'Golden Era of Growth' With AI
Wedbush analysts raised their price target for Apple's stock Thursday, telling clients they expect the iPhone maker could be headed for a "golden era of growth" driven by demand for artificial intelligence.
Warren Buffet is selling all his stock in Apple over 2025. Likely so he can pick up good bargains when the stock market "readjusts" to reality, but also because he is sensible.
Apple really hasn't got much obvious scope for growth - it's saturated the high end markets that it targets. It's a very profitable company, but it doesn't pay dividends and doesn't seem to have any ideas what to do with its huge cash pile.
So is AI going to be some golden growth for Apple? Nah; just as it's overblown in the rest of the market it's overblown for Apple.