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

By Amit Chowdhry ● Apr 1, 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 Dan Ives assigned the company an Outperform rating.

Ives adjusted the rating after noting that Apple made history being the first streamer to win an Academy Award for Best Picture with the groundbreaking film “CODA.” And Ives noted that for Apple to win an Oscar for Best Picture within three years of launching its streaming service is a surreal moment for the company as many within the traditional Hollywood circles thought Apple would flop on its streaming ambitions. 

Plus Ives believes that Apple being the first streamer to win Best Picture and not Netflix or Amazon on the podium is a “drop the mic moment” for the company, which should significantly bolster its subscriber base while attracting more A+ Hollywood talent to its platform for future projects. Ives views this Oscar win as a game-changer for the company on its content efforts and it legitimizes Apple TV+ as a major streaming platform with much more success ahead.

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