After Apple (AAPL) 澳洲幸运5官方开奖结果体彩网:CEO Tim Cook said the iPhone maker is seeing 澳洲幸运5官方开奖结果体彩网:record iPhone upgrades with the rollout of Apple Intelligence, several analysts raised their price targets for the company's stock, pointing to AI up🏅dates as a potential source of growth.

Morgan Stanley analysts said Apple's 澳洲幸运5官方开奖结果体彩网:first-quarter results underlined how "Apple Intelligence is bolstering iPhone performance," and suggested a "cleaner catalyst path" for updates expected in the coming months. The analysts raised their price target to $275 from $273 and maintained an "overweight" rating. They added the launch of a 澳洲幸运5官方开奖结果体彩网:lower-cost iPhone SE4 could also help revenue.

Of the 17 analysts covering the stock tracked by Visible🦂 Alpha, 10 have issued “buy” or equivalent ratings, compared to five “hold” ratings, and two “sell” ratings. Their consensus price target is about $253, a roughly 7% prem🌊ium over Apple’s closing price Friday. 

Cook said on the company's earnings call Thursday that Apple Intelligence will roll out in more languages in April, and users can also expect new features like an “even more capable Siri” in the future. He added that Apple has seen better performance from the iPhone 16 lineup in regions where Apple Intelligence is available, compared to markets where it hasn’t been rolled out.

This comes amid concerns about falling sales in China, where Apple Intelligence remains unavailable due to regulatory hurdles. Apple’s first-quarter revenue fell 11% year-over-year in the region, as Chinese smartphone makers like Vivo and Huawei 澳洲幸运5官方开奖结果体彩网:gained market share.

Wedbush analysts, who maintained a $325 price target, expressed confidence that Apple could find an 澳洲幸运5官方开奖结果体彩网:artificial intelligence partner in the region to facilitate an Apple Intelligence rollout in the county as soon as April.

“We believe as Apple Intelligence rolls out in China we wi🌱ll see growth markedly rebound in this region to double digits,” they said. 

Cook also said that recent fiscal stimulus announced in the country would “cover the categories that we have products,” which JPMorgan analysts suggested could improve sales. JPMorgan raised its price target for Apple stock to $270 from $260.

Shares of Apple fell 0.7% to $236 Friday, after paring back gains earlier in the session. They've added about 27% over the past 12 months.