Long-standing Apple bullish analyst Dan Ives of Wedbush believes that the stock of the tech giant could see a rise of 35% this year. Ives has set a 12-month target price of $350 (£259) for Apple, which currently stands as the highest forecast among Wall Street analysts.
Ives argues that for Apple's stock to reach this target, forming a partnership with Google's Gemini AI platform is essential to addressing what he describes as the company's 'invisible AI strategy'. Over recent years, Apple has faced criticism for its relatively slow progress in establishing itself as a major player in artificial intelligence. Unlike some of its competitors, Apple has yet to demonstrate a clear leadership position in AI innovation.
