Bullish On iPhone 15 Cycle, Wedbush's Ives Further Raises Apple Price Target
Portfolio Pulse from Benzinga Newsbot
Wedbush analyst Daniel Ives raises Apple's price target from $205 to $220, citing increased confidence in the upcoming iPhone 15 product cycle. Ives believes that Apple is well-positioned for a major installed base upgrade cycle, with potential ASPs reaching ~$925. Apple's stock traded 0.2% higher at $178.82 in the premarket session on Wednesday.
June 07, 2023 | 10:50 am
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Wedbush analyst Daniel Ives raises Apple's price target to $220, citing increased confidence in the upcoming iPhone 15 product cycle. Apple's stock traded 0.2% higher at $178.82 in the premarket session on Wednesday.
The raised price target by Wedbush analyst Daniel Ives reflects increased confidence in the upcoming iPhone 15 product cycle, which could lead to higher sales and ASPs. This positive outlook is likely to have a short-term positive impact on Apple's stock price, as evidenced by the 0.2% increase in premarket trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100