Apple Analyst Raises Price Target To $250, Foresees $4 Trillion Valuation By End Of 2024: 'Stage Set For Renaissance Of Growth'
Portfolio Pulse from Shanthi Rexaline
Wedbush analyst Daniel Ives has raised the price target for Apple Inc. (NASDAQ:AAPL) from $240 to $250 and maintains an Outperform rating. Ives predicts Apple will reach a $4 trillion valuation by the end of 2024, driven by strong iPhone sales and a shift in production from China to India. He anticipates a robust holiday season and a renaissance of growth for the company.
December 11, 2023 | 11:21 am
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Wedbush analyst Daniel Ives raised Apple's price target to $250 and maintains an Outperform rating, with a strong outlook for iPhone sales and a potential $4 trillion valuation by 2024.
The increase in Apple's price target by a reputable analyst suggests a positive outlook for the company's stock. The anticipation of strong iPhone sales and a significant valuation milestone could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100