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Bernstein Raises Apple (AAPL) Price Target, Highlights AI and Platform Strength

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We recently published a list of Top 10 AI Stocks on Wall Street's Radar. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other AI stocks on Wall Street's Radar.
Bernstein has raised its price target for Apple Inc. (AAPL) to $240 from $225, maintaining an Outperform rating, as highlighted in a recent research note. The firm's optimism is driven by Apple's robust platform strength and its advancements in artificial intelligence (AI). Analyst Toni Sacconaghi emphasized that Apple's AI strategy, which focuses on enhancing user experience through on-device AI rather than cloud-based solutions, positions the company well for future growth. This approach not only improves privacy and performance but also reduces costs. Additionally, Apple's ecosystem, including its services and hardware integration, continues to be a significant competitive advantage, supporting the firm's positive outlook on the stock.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/bernstein-raises-apple-aapl-price-target-highlights-ai-and-platform-strength/ar-AA1x80D3 ]