Apple (AAPL) Stock: $200 Target And Outperform Rating

By Amit Chowdhry ● Jul 4, 2022
  • The shares of Apple Inc (NASDAQ: AAPL) have received a $200 price target from Wedbush. These are the details.

The shares of Apple Inc (NASDAQ: AAPL) have received a $200 price target from Wedbush. And Wedbush analyst Daniel Ives noted that his supply chain checks in Asia have shown steadiness with slight improvements despite the zero COVID-driven demand issues remaining the elephant in the room for Wall Street.

Going forward, Ives believes that the iPhone demand is holding up slightly better than expected. However, Wall Street is pricing in the weakness for the quarter and Ives is looking beyond the June numbers to the September and December quarters with all eyes on the iPhone 14 production and demand cycle for the fall.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.