Apple stock might be hitting a wall without a clear catalyst to meaningfully move shares higher and the rising threat of artificial-intelligence consumer agents potentially disrupting the iPhone maker’s app store and services businesses. The fresh price target represents 6.6% upside from Apple’s closing price of $333.02 from Wednesday. “Apple’s product roadmap remains amongst the most exciting in over a decade, but our earnings outlook changes little following the iPhone launch, leaving limited upside to our price target after a strong last six month run,” Woodring said in a research note. Continue Reading
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