Apple: Wedbush raises target price to 425 dollars
(CercleFinance.com) - Wedbush Securities maintains its "outperform" recommendation on the Apple share, while raising its target price from 375 dollars to 425 dollars.
In a research note, the UQ broker explains that it considers that the Cupertino based group could be the first listed company to break the threshold of two trillion dollars in market capitalisation next year, thanks to its promising potential in 5G and services.
Wedbush also sets a new target price of 500 in the event of a "bull case" scenario for the share.
Apple, currently up 0.2% on the New York Stock Exchange, has a market capitalisation of nearly 1.6 trillion dollars at present.
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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.
In a research note, the UQ broker explains that it considers that the Cupertino based group could be the first listed company to break the threshold of two trillion dollars in market capitalisation next year, thanks to its promising potential in 5G and services.
Wedbush also sets a new target price of 500 in the event of a "bull case" scenario for the share.
Apple, currently up 0.2% on the New York Stock Exchange, has a market capitalisation of nearly 1.6 trillion dollars at present.
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.