Apple: 4 trillion cap in sight, Wedbush says
(CercleFinance.com) - Wedbush confirms its 'outperform' rating on Apple shares, with its $300 target price (cp: $255, +0.
3%), deeming it on track to reach the $4 trillion market capitalization threshold by early 2025, hence being the first member of this exclusive club.
We would characterize demand for the iPhone 16 so far since its launch in September as slightly above or generally in line with expectations overall, the broker points out.
According to the broker, the company should experience a strong holiday season ahead, with updates for the iPhone 16 across its installed base moving favorably in the run-up to Christmas, based on its recent assessments of the supply chain in Asia.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
3%), deeming it on track to reach the $4 trillion market capitalization threshold by early 2025, hence being the first member of this exclusive club.
We would characterize demand for the iPhone 16 so far since its launch in September as slightly above or generally in line with expectations overall, the broker points out.
According to the broker, the company should experience a strong holiday season ahead, with updates for the iPhone 16 across its installed base moving favorably in the run-up to Christmas, based on its recent assessments of the supply chain in Asia.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.