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Rothschild & Co Redburn Upgrades Apple to 'Strong-Buy'

Guavy AI Editorial Team
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AAPL
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Rothschild & Co Redburn has upgraded Apple to 'strong-buy' from 'hold', citing potential growth from a foldable iPhone and strategic improvement in artificial intelligence efforts.

The research firm raised its price target for Apple to $400, up from $260. This upgrade comes as Apple is expected to unveil new products at its September event, including potentially a premium foldable iPhone.

Apple's stock has been performing well, with a 52-week high of $344.57 and a current market capitalization of $4.46 trillion.

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