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Bank of America reiterates Apple as a top pick and maintains a buy rating with a price target of $230, foreseeing AI-enabled iPhones, referred to as IntelliPhones, driving a significant upgrade cycle. Analysts believe this shift will be akin to the introduction of smartphones, leading to a surge in Apple's stock.
Analysts from Bank of America predict "once in a decade" transformation will be unleashed by powerful, AI-driven "IntelliPhone" successors to smartphones. https://t.co/silGmMvRhv
Apple is getting a once-in-a-decade secret weapon in AI-enabled "intelliphones." Bank of America sees its stock surging 20%. https://t.co/GMsvjQmXVa
"We think Apple has the edge," Bank of America's Wamsi Mohan tells at @carlquintanilla and @SaraEisen ahead of the tech company's upcoming debut of AI-enabled smartphones. https://t.co/xGwmPUADhH