Wells Fargo Raises Its Price Target on Apple (AAPL) to $290, Maintains “Overweight” Rating

Group 1 - Apple Inc. is recognized as one of the top 13 Fortune 500 stocks to invest in currently [1] - Wells Fargo has raised its price target for Apple from $245 to $290, maintaining an "Overweight" rating, driven by strong iPhone upgrade demand and double-digit growth in the Services segment [2] - The launch of the new M5 chip, built on 3-nanometer technology, offers over 4x faster GPU compute performance for AI workloads and up to 45% higher graphics performance compared to its predecessor [3] Group 2 - Apple unveiled new products including the 11-inch and 13-inch iPad Pro, the 14-inch MacBook Pro, and Apple Vision Pro, all powered by the M5 chip, enhancing speed, AI capabilities, and battery life [4] - Apple designs, manufactures, and markets a range of products including smartphones, personal computers, tablets, wearables, and accessories globally [5]