Apple: Wedbush Securities maintains 'Outperform' rating
(CercleFinance.com) - Wedbush Securities maintains its "outperform" rating on Apple, with a target price of 375 dollars, in anticipation of the launch of an iPhone 12 5G this autumn.
While it says that it has heard rumours of a delay in the device's marketing, the US broker believes that the new iPhone will hit the shelves as early as the beginning of October.
In its research note, Wedbush predicts the availability of four models equipped with 4G/5G functionality, some of which could be offered at an entry price of less than 1,000 dollars, a positioning that the broker considers "intelligent" given the difficulties associated with Covid-19 and the fragile economic environment.
Copyright (c) 2020 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.
While it says that it has heard rumours of a delay in the device's marketing, the US broker believes that the new iPhone will hit the shelves as early as the beginning of October.
In its research note, Wedbush predicts the availability of four models equipped with 4G/5G functionality, some of which could be offered at an entry price of less than 1,000 dollars, a positioning that the broker considers "intelligent" given the difficulties associated with Covid-19 and the fragile economic environment.
Copyright (c) 2020 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.