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Bernstein is restarting its coverage of Apple and has given its shares a price target of $290, as it sees a favorable future for Apple Intelligence and Apple’s on-device AI processing efforts.
An improved Siri could pay off for Apple, eventually – Image Credit: Apple
It’s safe to say that Apple is behind the rest of the market when it comes to artificial intelligence and machine learning. However, the iPhone maker is working to catch up, and if one analyst is to be believed, its approach could be extremely profitable.
In a note to investors from Bernstein seen by MarketWatch, analyst Mark Newman has initiated coverage of Apple stock with an outperform rating and a price target of $290.
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