Apple CEO Tim Cook has announced a product launch event for this Wednesday, sending analysts into a frenzy with speculation about what’s coming next. The company is reportedly partnering with Alibaba to bring its artificial intelligence features to iPhones in China. Analysts predict the unveiling of a lower-cost iPhone model, potentially dubbed iPhone SE4, which could feature Apple Intelligence and start at $499.
Analysts from Morgan Stanley have maintained their “overweight” rating and $275 price target for the stock, while consensus among analysts is roughly $253 per share. The company’s shares have risen 1.3% to close at $244.60 on Friday, with a third of their value added over the past year.
With Cook’s teaser announcement, investors are eagerly awaiting the launch event, which could bring exciting news for those looking for affordable iPhone options equipped with cutting-edge AI features.
Source: https://www.investopedia.com/what-analysts-think-of-apple-stock-ahead-of-wednesday-product-launch-11680187