Rosenblatt sees Apple edging out its competitors in the AI race due to its strong privacy features.
Apple 's commitment to privacy could soon pay off by giving it a leg up over its competitors, according to Rosenblatt. The firm upgraded the Magnificent 7 member to a buy rating from neutral in a Wednesday note. Analyst Barton Crockett simultaneously raised his price target to $260 from $196. Shares of the iPhone maker have rallied 10% year to date. Crockett's updated price forecast implies that the stock could gain another 24% from its Tuesday closing price of $209.07.
mountain chart While Apple has lagged some of its mega-cap technology peers this year, Crockett believes that the tide could soon turn. As a catalyst, he cited a U.S. consumer survey indicating that by far the top feature consumers want when it comes to artificial intelligence is strong privacy, which lends Apple an advantage. "One could reasonably argue that the strong consumer interest in privacy favors Apple.
Stock Markets Apple Inc Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mystery Columbia alum donates $260 million to Israeli Bar-Ilan University amid U.S. campus protestsPatrick Smith is a London-based editor and reporter for NBC News Digital.
Read more »
J&J must pay $260 million in latest talc trial, Oregon jury saysJ&J must pay $260 million in latest talc trial, Oregon jury says
Read more »
Aethon Energy to buy Tellurian upstream assets for $260 millionAethon Energy to buy Tellurian upstream assets for $260 million
Read more »
Apple Loop: iPhone 16 Pro Details Leak, Hidden iPad Hardware, Android’s Latest Win Over AppleI am known for my strong views on mobile technology, online media, and the effect this has on the public conscious and existing businesses.
Read more »
Apple Loop: iPhone 16 Pro Details Leak, Hidden iPad Hardware, Android’s Latest Win Over AppleI am known for my strong views on mobile technology, online media, and the effect this has on the public conscious and existing businesses.
Read more »
Apple is finally looking to bring its Apple TV app to AndroidApple posted a job listing in search of an Android software engineer for the Apple TV app after years of avoiding the platform.
Read more »