Apple's AI Push Prompts $240 Target from Analysts

Bernstein and CFRA see significant upside as Apple integrates AI into its product lineup, driving potential growth.

Apple announced a partnership with OpenAI to integrate ChatGPT into future high-end devices.
Bernstein and CFRA raised their price targets for Apple stock to $240, citing AI advancements.
Analysts predict Apple's AI features will drive consumer upgrades and boost revenue streams.
Apple's stock has risen 11.77% this year, lagging behind most of its 'Mag 7' peers.
Despite the optimism, some caution that Apple stock is already highly valued.