Apple May Finally Catch Up In AI: Analyst Sees Big Upside From Perplexity Deal, Smarter Siri, Google Search Rivalry

Group 1 - BofA Securities analyst Wamsi Mohan maintained a Buy rating on Apple Inc with a price target of $235, reflecting strong capital returns, AI leadership, and optionality from new products or markets [1] - Media articles suggest Apple's plans to acquire or partner with Perplexity AI, which could enhance its AI capabilities and address its current perception as an AI laggard [2][3] - A potential deal with Perplexity AI could improve Siri's functionality, provide access to the search advertising market, and offer strategic independence in AI [3] Group 2 - Mohan projected fiscal 2025 sales for Apple at $407.69 billion and earnings per share (EPS) at $7.13 [3] - AAPL stock was reported to be up 0.65% at $202.82 at the time of publication [4]