Summary:
- Wedbush suggests Apple (AAPL, Financial) acquires AI startup Perplexity to enhance its AI efforts.
- Analysts foresee a transformative impact on Apple's AI capabilities and Siri's functionality.
- Apple's stock has an average price target of $231.40, signifying a 10.19% upside potential.
Wedbush recommends that Apple (AAPL) make a strategic move by purchasing AI startup Perplexity. Analysts assert that this acquisition is pivotal for Apple to stay competitive in the burgeoning AI sector. Such an investment could revolutionize Siri and significantly advance Apple's AI strategy, even considering the $30 billion investment it demands.
Wall Street Analysts Forecast
The one-year price targets from 41 analysts for Apple Inc (AAPL, Financial) deliver an average target of $231.40. This includes a high estimate of $300.00 and a low estimate of $139.00. This average target indicates a potential upside of 10.19% from the current stock price of $210.01. For more detailed estimates, visit the Apple Inc (AAPL) Forecast page.
From a broader perspective, the consensus recommendation across 50 brokerage firms assigns Apple Inc (AAPL, Financial) an average rating of 2.2, which classifies as "Outperform." This rating operates on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Sell.
According to GuruFocus estimates, the projected GF Value for Apple Inc (AAPL, Financial) in one year is $210.84. This reflects a slight upside of 0.4% from the present stock price of $210.01. The GF Value represents GuruFocus' fair value estimate, calculated based on historical trading multiples, past growth metrics, and future business performance predictions. More insights can be found on the Apple Inc (AAPL) Summary page.
