Wedbush Analyst Dan Ives Says Raising Apple Price Target To Reflect AI-Driven iPhone 16 Supercycle: 'WWDC A Key Moment Ahead'
Portfolio Pulse from Benzinga Neuro
Wedbush analyst Dan Ives has raised the price target for Apple Inc. (NASDAQ:AAPL) from $250 to $275, citing an anticipated AI-driven iPhone 16 supercycle. The upcoming Worldwide Developers Conference (WWDC) is highlighted as a pivotal moment for the company.
May 24, 2024 | 2:32 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wedbush analyst Dan Ives has increased the price target for Apple Inc. (NASDAQ:AAPL) from $250 to $275, driven by expectations of an AI-driven iPhone 16 supercycle. The upcoming WWDC is seen as a critical event for the company.
The price target increase by a reputable analyst, driven by expectations of an AI-driven iPhone 16 supercycle, is likely to positively impact Apple's stock in the short term. The upcoming WWDC is also highlighted as a significant event, adding to the positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100