
Bernstein has raised Apple's price target to $240 from $195, maintaining an Outperform rating. They see opportunities for Apple to monetize AI, such as offering on-device AI to drive accelerated iPhone replacement and incremental hardware sales.

$AAPL | Bernstein Raises Apple PT to $240 from $195 Analyst Comments: "Investors now believe the iPhone maker 'can be a leader in AI, not a laggard.' With over 1 billion customers compared to ChatGPT's 100 million, Apple has the potential to bring AI to a vast audience,… https://t.co/HHyI8pjotk
$AAPL | Bernstein Maintains Outperform on Apple, Raises Price Target to $240
$AAPL | Bernstein Raises Apple PT to $240 from $195 Analyst Comments: "Investors now believe the iPhone maker 'can be a leader in AI, not a laggard.' With over 1 billion customers compared to ChatGPT's 100 million, Apple has the potential to bring AI to a vast audience,… https://t.co/VlKzXPmPc5