Apple (AAPL) Target Raised as Jefferies Sees Stronger iPhone Demand

On December 17, Jefferies expert Edison Lee lifted Apple Inc. (NASDAQ:AAPL)’s terms people to $283.36 from $246.99 portion maintaining a Hold standing connected the stock. The steadfast boosted its iPhone shipment forecasts, raising Q1 estimates by 7% and FY26 projections by 3%. It besides factored successful a foldable iPhone starting successful FY27. Jefferies said Apple’s premium pricing gives it a beardown buffer against rising representation costs.

In different news, CNBC reported that Apple Inc. (NASDAQ:AAPL) has assured investors it plans to rotation retired the adjacent mentation of Siri, its AI-powered dependable assistant. A batch is riding connected the debut of a “more idiosyncratic Siri,” particularly arsenic Apple has mostly stayed connected the sidelines of the AI propulsion that accelerated aft OpenAI introduced ChatGPT successful precocious 2022.

Apple Inc. (NASDAQ:AAPL) seldom shares details astir its merchandise roadmap, but Siri has been an exception. The institution had initially planned to merchandise the upgraded adjunct successful 2025. In March, though, Apple pushed backmost the launch, adjacent aft promoting the diagnostic successful ads, saying it would present get sometime successful “the coming year.”

CEO Tim Cook told investors successful October that improvement enactment connected Siri is moving on well.

While we admit the imaginable of AAPL arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None.