Apple AI push could drive multiyear growth: BofA analyst

No video

Apple AI push could drive multiyear growth: BofA analyst

Рет қаралды 6,590

Күн бұрын

Apple (AAPL) stock is gaining momentum as Wall Street analysts grow increasingly bullish on the tech giant, largely due to its AI prospects and growth potential. Bank of America (BAC) has raised its price target on Apple from $230 to $256 per share. Bank of America IT hardware analyst Wamsi Mohan joins Catalysts to discuss these developments.
Mohan reveals that a recent BofA survey indicated "a meaningful uptick" in consumers willing to upgrade their iPhones in 2024 to access new Apple Intelligence features. Based on these findings, he believes this could spark "a multi-year cycle" of growth for Apple, particularly given the significant number of users still operating older iPhone models.
"Apple's not first in the game, generally not, but when they do come, you have a highegree d of confidence that whatever product they are coming up with is going to act extremely well," Mohan tells Yahoo Finance.
For more expert insight and the latest market action, click here to watch this full episode of Catalysts.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: www.instagram....
TikTok: www.tiktok.com...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance

Пікірлер: 8

@SirManselus Ай бұрын

What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.

@Charlotte-ew6sw Ай бұрын

There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist

@Daisy-yr6ez Ай бұрын

I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders

@Sophia-bt2uh Ай бұрын

Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.

@Daisy-yr6ez Ай бұрын

My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@Sophia-bt2uh Ай бұрын

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.