BusinessTechnology

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.

BusinessTechnology

Wall Street Analysts Issue Major Stock Upgrades and Downgrades Across Tech, Energy Sectors

Wall Street analysts made significant moves Friday with upgrades for space company Intuitive Machines and downgrades for several financial stocks. Major calls covered technology giants including Nvidia and AMD, energy leaders like Chevron, and consumer companies including Amazon.

Major Analyst Upgrades Drive Market Activity

Wall Street analysts issued numerous significant stock rating changes Friday, with several major upgrades in the technology and energy sectors according to reports. Deutsche Bank upgraded Intuitive Machines from hold to buy, with analysts suggesting the space company presents an attractive risk-reward setup for the next 3-6 months. Sources indicate the firm sees Intuitive Machines as a “secular winner” in the space exploration market.