Apple: Wedbush raises target price

(CercleFinance.com) - On Thursday Wedbush confirmed its 'outperform' rating on Apple shares while raising its target price for them from $300 to $325, now seeing that the tech giant will have '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 Wedbush, the group could sell over 240 million iPhones in 2025.

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


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