Apple: Wedbush raises target price

(CercleFinance.com) - Wedbush reinstates its "outperform" rating on Apple shares, having raised its target price for them raised from 185 dollar to 200 dollars, citing "increased confidence in the iPhone 13 growth cycle into 2022".


"Our iPhone 13 checks continue to be much stronger than expected," the broker said, adding that the tech giant is "now on pace to sell north of 40 million iPhones during the holiday season despite the chip shortage headwinds."


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