Apple: price target raised at Wedbush

(CercleFinance.com) - Wedbush on Thursday reaffirmed its 'outperform' rating on Apple while raising its price target from $300 to $325, seeing now for the tech giant 'a golden era of growth on the horizon in 2025'.


According to the broker, Apple is heading for a multi-year cycle of iPhone updates supported by artificial intelligence, which is still underestimated by the market. According to him, the group could sell over 240 million iPhones by 2025.

Wedbush also believes that hundreds of applications in development around Apple Intelligence will generate a new stream of service revenues worth several billion a year, offering another catalyst for growth.

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