Apple Inc (AAPL)

[Investors3]

Wedbush hikes Apple price target to $275 as AI iPhone supercycle looms
Friday, May 24, 2024 12:52 pm
2 Comments

Dan Ives, WedBush Securities analyst, joins ‘Squawk on the Street’ to discuss Apple, his outlook on the stocks’ target price, China, and more.

June will be Apple’s last negative quarter in China and the company will experience an “unprecedented renaissance of growth,” Ive’s says.

Raising our Apple price target from $250 to $275 to reflect iPhone demand turning the corner into an AI driven iPhone 16 supercycle on the horizon. AI technology built into the Apple ecosystem adds $30 to $40 per share to the stock in our view. WWDC a key moment ahead for 🍎 🐂🏆

— Dan Ives (@DivesTech) May 23, 2024

MacDailyNews Note: Supercycle!

Related

Wedbush ups Apple price target to $600
Wednesday, August 26, 2020
In "News"

Wedbush ups Apple price target to $185
Thursday, April 29, 2021
In "News"

Wedbush analysts remain bullish on Apple despite warning
Tuesday, February 18, 2020
In "News"

https://macdailynews.com/2024/05/24/wedbush-hikes-apple-price-target-to-275-as-ai-iphone-supercycle-looms/