Oppenheimer Raises Apple Price Target to $250 on June 28; Shares Surpass $220

On June 28, Oppenheimer raised its price target for Apple Inc. (AAPL) to $250 from $200, maintaining its Outperform rating. The investment firm cited Apple's strategy to integrate artificial intelligence (AI) into its products and its unique ecosystem as key factors driving faster-than-expected revenue and earnings per share (EPS) growth. This announcement comes as Apple shares have reached monthly all-time closing highs and have recently surpassed the $220 mark. Analysts and investors are optimistic, with some predicting the stock could reach $225-$230 by August.