Bank of America Ups Apple's Target Price, Citing Huge Potential in Agent AI
3 hour ago / Read about 0 minute
Author:小编   

Apple's stock price climbed on Tuesday, following an upgrade from Bank of America, which lifted its target price for Apple from $330 to $380 while reaffirming a 'Buy' recommendation. Analysts highlighted that Apple is poised to seize immense opportunities within the agent AI sector. Should AI assistants emerge as a fresh gateway, Apple is expected to exert considerable influence on the market landscape. Nevertheless, in the near term, Apple confronts execution challenges, with the transformation of Siri into an AI execution layer being of paramount importance. Analysts project that, under a base-case scenario, Agent Siri could contribute an additional $15 billion to $30 billion in revenue for Apple by fiscal year 2030. In an optimistic scenario, this figure could surge to $40 billion to $65 billion, potentially boosting incremental earnings per share by up to $2. Apple's stock price has now soared 26% from its March nadir, marking a fresh peak.