Apple (AAPL): iPhone 17 Event Unfolds Today—Wells Fargo Sees Revenue Boost

Apple Inc. (NASDAQ:AAPL) is one of the Exciting AI Stocks to Watch Right NowOn September 8, Wells Fargo reiterated the stock as “Overweight,” stating that it sees “revenue upside” from the iPhone 17. The firm holds a $245 price target on the stock.

“As highlighted in our weekly report, reports on Apple’ s next-gen iPhone 17 price points support 3%-5% revenue upside.”

According to analyst Aaron Rakers, the new iPhone 17 Air, iPhone 17 Pro, and iPhone 17 Pro Max are all likely to incur price increases from $100 to $300 compared to last year’s iPhone 16 models.

Rakers noted how he believes the thinner designed iPhone 17 Air may start at $1,099 and run as high as $1,499. Meanwhile, the iPhone 17 Pro may be priced at $1,099, $1,299, and $1,599, whereas the iPhone 17 Pro Max could come in at $1,299, $1,499, and $1,699, reflecting $100 increases similar to iPhone 17 Pro.

Apple is a technology company known for its consumer electronics, software, and services.

While we acknowledge the risk and potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 AI Stocks to Watch Out For in 2025 and 10 Buzzing AI Stocks on Wall Street

Disclosure: None.