Wedbush Maintains "Outperform" Rating and $300 Price Target for Apple
Wedbush is maintaining its "outperform" rating and $300 price target for Apple, estimating that the company is on track to reach a market capitalization of $4 trillion by early 2025, becoming the first member of this exclusive club.
The broker highlights that demand for the iPhone 16, since its launch in September, appears to be in line with or slightly above expectations. It also anticipates a strong holiday season for Apple, with iPhone 16 updates expected to perform well in the lead-up to Christmas, due to the favorable trend observed in the Asian supply chain.
