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Rosenblatt Securities has upgraded Apple Inc. (AAPL) from Neutral to Buy, raising its price target from $196 to $260. The upgrade is driven by the company's privacy-focused Apple Intelligence platform, which is expected to enhance its market share in the AI sector. A recent survey highlighted that strong privacy is the top feature consumers desire in AI, and Rosenblatt believes Apple's unique focus on privacy will resonate with consumers and boost its AI market share. Apple shares are trading 0.8% higher pre-market following the upgrade.
Apple $AAPL received a boost on Wednesday after 5-star-rated Rosenblatt analyst Barton Crockett upgraded the stock to a Buy from a Hold, citing that the tech giant could benefit from its AI initiatives. https://t.co/SHISPSzZMm
$NVDA Citi reiterates Nvidia as buy Citi raised its price target on Nvidia to $150 per share from $126. “Fundamentally, we believe AI adoption remains in the 3rd/4th innings. Maintain Buy.”
$AAPL Rosenblatt upgrades Apple to buy from neutral Rosenblatt said Apple’s ability to provide privacy-based AI will “resonate.” “Strong privacy is by far the top feature consumers want in AI, based on our recent U.S. survey, arguing for market share lift potential for Apple in…