UPDATE—Sept. 6, 2024: This article has been updated to reflect more recent share price information.

Wall Street analysts are mostly bullish on Apple (AAPL) stock leading up to the company's "澳洲幸运5官方开奖结果体彩网:It's Glowtime" event on Monday, where Apple is expected to unveil the iPhone 16 supercharged with AI and th🦩e next-generation AirPods and Apple Watch.

According to data as of Friday, more than half (roughly 69%) of the analysts covering Apple and tracked by Visible Alpha—11 out of 21—have "buy" or equivalent positive ratings on the stock. An additional four analysts have a "hold" rating, while only one has posted a "sell" rating.

Average Price Target Above Current Stock Price

The average of the consensus price targets examined was $244.06, representing a 10.5% premium over Friday's closing price. The 澳洲幸运5官方开奖结果体彩网:price-target levelsও in the consensus analysis range from $162 to $285.

Investors likely will be watching for signs that the iPhone maker is leveraging its AI opportunity and that the 澳洲幸运5官方开奖结果体彩网:"golden upgrade cycle" has kicked off, driven by the AI 澳洲幸运5官方开奖结果体彩网:iPhone 16.

Apple shares edged 0.7% lower to close at $220.82 Friday, though they've gained almost 15% since the start of the year.