- The shares of Apple Inc (NASDAQ: AAPL) have received a $185 price target from Wedbush. These are the details.
The shares of Apple Inc (NASDAQ: AAPL) have received a $185 price target from Wedbush. And Wedbush analyst Daniel Ives is maintaining an “Outperform” rating on the company shares.
Ives noted that after Apple hosted the virtual launch event for the highly anticipated iPhone 13 and iPhone 13 mini, the headline from the event from his perspective is that Apple introduced a 1 terabyte option for the iPhone 13 Pro. And Ives believes that this is a potential “game-changer.”
Plus Ives pointed out that Apple is in the midst of its strongest overall product cycle in about a decade. And the iPhone 13 is continuing to be a super cycle for Apple. As a result, Ives wrote that Apple is his favorite large-cap tech company to play the 5G cycle.
Going forward, Ives sees that the iPhone product cycle translates into a $3 trillion market cap for Apple in the next 6 to 12 months.
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