Wedbush has increased its price target on Apple from $250 to $275, citing the potential impact of AI technology on iPhone 16 sales leading to a supercycle in 2025. The firm believes that AI integration could add $30 to $40 per share to Apple stock. The upcoming WWDC event is seen as a crucial moment for Apple.
$AAPL PT Raised to $275 at Wedbush; 'iPhone Showing Stabilization With Big AI Moment Ahead'
iPhone 16 demand driven by AI induces Wedbush to hike Apple stock target https://t.co/2DyjCrnKHe #Apple
Investment firm Wedbush is bullish on Apple AI and its effect on iPhone 16 sales, suggesting it will drive a supercycle going into 2025. #Apple #iPhone By @hillitech https://t.co/98b5DBzsxI
Wedbush just raised its price target on Apple $AAPL to $275 up from $250 while maintaining its Outperform rating "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 🍎" - Wedbush analyst Dan Ives
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 🍎 🐂🏆