Apple: Wedbush puts fears into perspective
(CercleFinance.com) - On Thursday morning, Apple shares were among the biggest gainers in the Dow Jones index on Wall Street, with Wedbush believing that the fears that have recently weighed on the stock are exaggerated.
In early trzading, the Apple stock was up 1.3%, compared with a 0.2% rise for the Dow (before finishing flat).
We believe that the panic and excitement surrounding Apple ahead of the release of its results for the three months to the end of December, due after the close next Thursday, is excessive, Wedbush Securities says.
Our recent checks on iPhone sales in China are mixed, if not disappointing, but the downturn in activity in the region seems 'manageable' to us, and growth in the US and the rest of the world should enable Apple to meet market forecasts for the quarter to the end of December, the broker adds.
Wedbush also believes that Apple should post a "solid" quarter in services, an activity it considers crucial to the evolution of the technology group's share price.
The broker therefore maintains its "outperform" opinion on the stock, with a price target of $325.
Apple had lost 16% of its value in one month, amid concerns about iPhone sales in Q4, particularly in China.
The Cupertino, California-based company regains its position as second-largest market capitalization with a valuation of $3,396bn, ahead of Microsoft ($3,295bn) but behind Nvidia ($3,565bn).
Copyright (c) 2025 CercleFinance.com. All rights reserved.
In early trzading, the Apple stock was up 1.3%, compared with a 0.2% rise for the Dow (before finishing flat).
We believe that the panic and excitement surrounding Apple ahead of the release of its results for the three months to the end of December, due after the close next Thursday, is excessive, Wedbush Securities says.
Our recent checks on iPhone sales in China are mixed, if not disappointing, but the downturn in activity in the region seems 'manageable' to us, and growth in the US and the rest of the world should enable Apple to meet market forecasts for the quarter to the end of December, the broker adds.
Wedbush also believes that Apple should post a "solid" quarter in services, an activity it considers crucial to the evolution of the technology group's share price.
The broker therefore maintains its "outperform" opinion on the stock, with a price target of $325.
Apple had lost 16% of its value in one month, amid concerns about iPhone sales in Q4, particularly in China.
The Cupertino, California-based company regains its position as second-largest market capitalization with a valuation of $3,396bn, ahead of Microsoft ($3,295bn) but behind Nvidia ($3,565bn).
Copyright (c) 2025 CercleFinance.com. All rights reserved.