Apple's OpenAI partnership, updated features receive tepid response on Wall Street

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Go back to Apple's OpenAI partnership, updated features receive tepid response on Wall Street

Lightshed Partners Upgrades Apple (AAPL) to Neutral, 'Can’t Disprove the Hype (Yet)'

June 11, 2024 3:34 PM EDT

Lightshed Partners analyst Walter Piecyk upgraded Apple (NASDAQ: AAPL) from Sell to Neutral.

The analyst comments "The pace at which companies have integrated AI into applications and devices has been impressive and only scratches the surface of what is possible. AI is... More

Apple (AAPL) presentation rhymes with previous milestone moments - DA Davidson

June 11, 2024 12:52 PM EDT

DA Davidson upgraded shares of Apple (NASDAQ: AAPL) to Buy from Neutral, raising the price target to $230 in a note Tuesday following the company's WWDC event on Monday.

The firm cited the AI capabilities unveiled at the event as leading to an... More

BofA Securities Reiterates Buy Rating on Amazon.com (AMZN)

June 11, 2024 9:06 AM EDT

BofA Securities analyst Justin Post reiterated a Buy rating and $210.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "MWPVL expects roughly flat y/y Global square feet additions in 2024 at 86mn, though MWPVL notes multiple surprise projects YTD, representing... More

BofA Securities Reiterates Buy Rating on Alphabet (GOOGL)

June 11, 2024 9:06 AM EDT

BofA Securities analyst Justin Post reiterated a Buy rating and $200.00 price target on Alphabet (NASDAQ: GOOGL).

The analyst comments "Today, at the WWDC, Apple announced a series of new Al features for iPhone and partnership with OpenAI, integrating ChatGPT access into various... More