Apple’s Revenue Growth Could Double. It Isn’t Because of AI. - Barron's
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July 10, 2024, 8:38 am EDT Artificial intelligence may be the phrase of the moment in big tech, but ...
Original sourceAI Summary
Apple may have a significant opportunity in advertising, according to analysts. Analysts raised Apple's price target to $260 and recommended a Buy rating. Apple should consider entering the advertising business due to high global ad spending. Advertising could boost Apple's revenue growth and margin expansion. Apple's stock price rose to $229.75 in premarket trading, closing at a market cap of over $3.5 trillion.
Market-Moving
- Apple may have a significant opportunity in advertising, according to analysts.
- Analysts raised Apple's price target to $260 and recommended a Buy rating.
- Apple should consider entering the advertising business due to high global ad spending.
Key Facts
- Apple may have a significant opportunity in advertising, according to analysts.
- Analysts raised Apple's price target to $260 and recommended a Buy rating.
- Apple should consider entering the advertising business due to high global ad spending.
- Advertising could boost Apple's revenue growth and margin expansion.
- Apple's stock price rose to $229.75 in premarket trading, closing at a market cap of over $3.5 trillion.