Apple Gets Upgrade on Strong Cycle Ahead

Dow Jones00:00

1200 ET - HSBC takes a more optimistic view of Apple's stock, pointing to a strong pipeline and improved AI capabilities that should help its hardware business. The analysts were previously cautious, favoring other businesses benefiting from the rise of AI like hyperscalers or memory makers. "We think Apple is now at an operational turning point," they say, given the company can stay away from common investor concerns over AI investment. Apple is also well placed to leverage its 2.5 billion installed device base with its upcoming revamped Apple Intelligence. They upgrading the stock to buy from hold and raise their price target to $366 from $260. Shares are little changed at $332.83. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

July 17, 2026 12:00 ET (16:00 GMT)

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