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Apple To Gain Market Share With AI Smartphone, Says Bullish Analyst: ‘Skate To Where The AI Puck Is Going’

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Technology giant Apple Inc (NASDAQ:AAPL) is being upgraded by a Street analyst Wednesday on the heels of its artificial intelligence initiatives shown off at the company’s Worldwide Developers Conference earlier this month.

The Apple Analyst: Rosenblatt analyst Barton Crockett upgraded shares of Apple from Neutral to Buy and raised the price target from $196 to $260.

Related Link: 7 Apple Analysts Mixed On WWDC 2024: iPhone Upgrade Cycle Coming, But When?

The Apple Takeaways: Apple could see a market share lift after unveiling its Apple Intelligence software with a focus on privacy, Crockett said in a new investor note.

The privacy focus of Apple Intelligence is unmatched by Android, which is owned by Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), the analyst said.

“Strong privacy is by far the top feature consumers want in AI, based on our recent US survey,” he said.

The privacy concerns …

Full story available on Benzinga.com

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