Wells Fargo Boosts Apple Price Target to $290 on Strong iPhone 17 and AI Prospects
Analysts at Wells Fargo have significantly increased Apple’s price target from $245 to $290 ahead of quarterly earnings. The bullish move reflects confidence in iPhone 17 performance and Apple’s emerging AI strategy, with the company positioned to potentially make artificial intelligence mainstream.
Major Price Target Increase
Wells Fargo has reportedly raised its price target for Apple stock from $245 to $290, according to an investor note released on October 21. The significant increase represents a bullish outlook on the technology giant’s near-term prospects, particularly driven by expectations for the iPhone 17 and Apple’s evolving artificial intelligence initiatives.