- Apple (AAPL, Financial) collaborates with Anthropic, an AI model creator, to revolutionize coding.
- Apple's stock could see an 11.14% upside, with a predicted average price target of $230.97.
- GuruFocus estimates suggest modest growth with a 1.39% upside based on GF Value.
Apple Inc. (AAPL) is making significant strides in the AI sector through a strategic partnership with Anthropic, a noteworthy AI model creator supported by Amazon (AMZN). This collaboration aims to develop an innovative platform to assist developers in their coding endeavors. Notably, Anthropic's valuation stands at $61.5 billion, and the company has demonstrated remarkable growth by quadrupling its annualized revenue to $4 billion since the beginning of the year.
Wall Street Analysts Forecast
According to data from 41 analysts, the average one-year price target for Apple Inc. (AAPL, Financial) is $230.97. This includes a range with a high estimate of $300.00 and a low estimate of $139.00. Currently, the average target suggests an upside potential of 11.14% from the current stock price of $207.82. For further details on these projections, visit the Apple Inc. (AAPL) Forecast page.
Furthermore, insights from 50 brokerage firms reveal that Apple Inc. (AAPL, Financial) holds an average brokerage recommendation of 2.2, indicating an "Outperform" rating. The rating system ranges from 1 (Strong Buy) to 5 (Sell), reflecting positive market sentiment towards Apple's stock.
GuruFocus Valuation Insights
Based on GuruFocus estimates, the anticipated GF Value for Apple Inc. (AAPL, Financial) in the upcoming year is pegged at $210.71. This suggests a slight upside of 1.39% from the current price of $207.82. The GF Value represents GuruFocus' calculation of the stock's fair trading value, derived from historical trading multiples, past business growth, and future business performance projections. For a comprehensive overview, explore the Apple Inc. (AAPL) Summary page.
