Wedbush: Apple Could Surge 40% Unlisted Video
3 years ago
2.7K
Financial company Wedbush said Apple is set to surge 40% on a "once in a decade" opportunity over the next year.
According to Business Insider Apple could benefit from a massive upgrade cycle for its iPhone install base.
In a note published on Wednesday, Wedbush raised its Apple price target to $600.
Webush's bull-case price target to $700, representing upside potential from current levels of 20% and 40%, respectively.
According to Wedbush, the upcoming iPhone 12 will represent the most significant product cycle for Apple since 2014's iPhone 6
Wedbush says Wall Street is underestimating the "massive pent-up demand" of the upcoming iPhone 12.
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