Apple: Wedbush raises target price
(CercleFinance.com) - Wedbush maintains its Outperform rating on Apple shares, and has raised its target price for them to $190 (from $180).
"Our Asia iPhone supply chain checks this week have been incrementally more positive with a modest uptick in demand coming out of China for Apple with a clear demand rebound happening in this key region post December," the analyst says.
Wedbush says that January and February - and early indications around March - are steady on the iPhone-front.
It adds that further announcements from Apple are expected and " could be noteworthy and move the needle on the name over the coming months including: 1) Apple Glass-AR/VR headset launch by the summer".
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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.
"Our Asia iPhone supply chain checks this week have been incrementally more positive with a modest uptick in demand coming out of China for Apple with a clear demand rebound happening in this key region post December," the analyst says.
Wedbush says that January and February - and early indications around March - are steady on the iPhone-front.
It adds that further announcements from Apple are expected and " could be noteworthy and move the needle on the name over the coming months including: 1) Apple Glass-AR/VR headset launch by the summer".
Copyright (c) 2023 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.