Raymond James hikes Apple target price to $250

Apple Intelligence is the personal intelligence system for iPhone, iPad, and Mac that combines the power of generative models with personal context to deliver intelligence that’s incredibly useful and relevant. According to Raymond James analyst Srini Pajjuri, this makes Apple stock is “a more stable AI play for volatile times.”
Apple Intelligence is deeply integrated into iOS 18, iPadOS 18, and macOS Sequoia. It harnesses the power of Apple silicon to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks.
And, with Private Cloud Compute, Apple sets a new standard for privacy in AI, with the ability to flex and scale computational capacity between on-device processing and larger, server-based models that run on dedicated Apple silicon servers.
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Pajjuri, in a research note on Thursday, wrote that he believes users won’t want to miss out on the technology, sparking a “multi-year upgrade cycle” that will boost earnings. Apple reports its fiscal third-quarter earnings on Thursday.
The analyst also increased his price target to $250 from $200. The new number implies the stock could jump 15% from its current level. He maintained his Outperform rating.

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