Apple: Wedbush still a buyer
(CercleFinance.com) - Wedbush maintains its "Outperform" rating on Apple shares, along with its target price of 200 dollars, saying that demand for its iPhone 13 outstripped supply by about 12 million units in its December quarter.
The broker said that this will now add to the favourable winds for the Cupertino-based group in its March and June quarters as supply chain issues ease in the first half of 2022.
Wedbush adds that Apple is on track to become the largest company worldwide, with a market capitalisation of 3 trillion dollars by 2022, as the market begins to better appreciate its robust fundamentals over the year ahead.
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