BUZZ-Apple rises as brokerages raise PT on iPhone maker
Shares of iPhone maker Apple AAPL.O rise 4.1% to $247.25 in premarket trading
Brokerages Citi, BoFA, Rosenblatt, and Monness Crespi raise PT to $275, $265, $260, and $263, respectively
BoFA says Apple Intelligence - the company's AI tool - will continue to drive upgrades, also expects product portfolio to stay resilient in face of macro demand fluctuations
Citi sees upcoming iPhone SE4 launch and iOS 18.4 with major Siri update as positives for Apple’s stock and expects the DeepSeek breakthrough could boost AI adoption on devices
Even though the geopolitical risks and fragile macro environment persist, APPL is driving innovation with its products and a robust digital infrastructure with Apple Intelligence - Rosenblatt
In 2024, the stock rose 30%
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