Wedbush adjusts AAPL price target to $150 after four-for-one split
Investment bank Wedbush has adjusted its AAPL price target to $150, taking into account Apple's recent four-for-one stock split.
Investment bank Wedbush has adjusted its AAPL price target to $150, taking into account Apple's recent four-for-one stock split.
Investment bank Wedbush has raised its AAPL price target to an industry-high $600 on the upcoming "iPhone 12" cycle and signs of strength in the critical region of China.
Investment bank Wedbush believes Apple has plenty of room to grow, despite the company already hitting a $2 trillion milestone market valuation, largely due to the upcoming 5G "iPhone 12" lineup.
Wedbush has raised its AAPL price target to $515 ahead of an expected "iPhone 12" super cycle and Apple hitting a $2 trillion market valuation — and it sees a potential path to $600 per share.
Investment bank Wedbush is raising its AAPL price target to $475 on Apple's "Picasso-like" June quarter earnings results and the expectation of an "iPhone 12 super cycle."
Ahead of a "big week" for Apple, investment bank Wedbush is expecting the company to report June quarter earnings that exceed Wall Street expectations, with an impressive "iPhone 12" being the firm's "favorite 5G play."
Investment bank Wedbush has raised its AAPL price target to $425 and claims that Apple could hit a $2 trillion price valuation in 2021.
Investment bank Wedbush is predicting that the "iPhone 12" will launch at about the same time that the iPhone X did, and despite coronavirus challenges, 5G will induce a super-cycle for Apple in 2020 and 2021.
A mix of rock-solid services performance and an expected "iPhone 12" super-cycle have led Wedbush analysts to raise the bank's Apple price target to $375.
Investment bank Wedbush is raising its Apple price target to $350 on what it describes as a robust performance by the company's services, plus prospects of recovering demand and the highly anticipated "iPhone 12."
The "once in a century" coronavirus outbreak is forcing Daniel Ives from Wedbush to tailor estimates for Apple downward, mostly based on iPhone demand deterioration in the short term and an "iPhone 12" release later than expected.
As investors ride the "roller coaster" that is Apple's coronavirus-impacted stock price, Daniel Ives from Wedbush sees a firm core business, and outstanding long-term prospects for Apple and the 5G "iPhone 12."
While the coronavirus is having impacts on the supply chain, Wedbush is holding fast on its $400 Apple stock target price and sees Apple's iPhone growth story continuing later in 2020.
While industry observers are clearly seeing a short-term financial and business impact from the coronavirus outbreak in China, the first analysts chiming in on the situation don't have long-term concerns surrounding Apple's financial prospects.
Wedbush's Daniel Ives is now saying that Apple stock is worth $400 per share — a value that he predicted could happen just a week ago assuming everything went well for Apple.
Following iPhone demand checks internationally, and predictions of an incredible 5G 'iPhone 12' debut, Wedbush has set a $350 per-share price target on Apple stock, but believes that $400 is possible if everything goes right in 2020.
Ahead of earnings, GBH Insights' Daniel Ives sees 42 million iPhones sold, and no big surprises — but predicts the real story is what Apple forecasts for 2019 demand.
Apple delivered record revenue in its holiday quarter, but went about it in a way different than investors expected, leaving analysts to rethink their so-called "super cycle" predictions for iPhone X unit sales growth. But with the average selling price of new iPhones soaring to unexpected highs, analysts remain bullish on the company's prospects in the months to come.
Prognosticating sales of tech products can be a difficult and thankless job, particularly when the companies selling the products themselves don't announce sales figures. But that doesn't excuse inconsistencies, unrealistic projections, or a lack of critical thinking skills.
With a better-than-expected iPhone 8 launch quarter, and a highly anticipated debut for the flagship iPhone X, investors on Wall Street are riding high on Apple stock, pushing shares into uncharted territory as analysts increase their forecasts to trillion-dollar market cap levels.
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