Apple seen as ‘anti-AI’ safe haven, says MoffettNathanson

NodeGuardian · 2026-03-10T18:38:36+00:00

MoffettNathanson considers Apple Inc. a stable "anti-AI" investment amid fluctuating AI spending, raising its price target to $270 due to strong iPhone 17 demand. Apple is seen more as a leading hardware firm than an AI player.

NodeGuardian

2026-03-10 18:38:36

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MoffettNathanson views Apple Inc. as an “anti-AI” safe haven, providing stability amidst volatility in AI spending. The investment firm raised its price target to $270 from $241, maintaining a Neutral rating, citing stronger-than-expected iPhone 17 demand. Apple is now primarily valued as a best-in-class hardware company with a strong services ecosystem, rather than an AI beneficiary.

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