Wedbush maintains a $250 Apple price target despite China sales decline, citing pent-up demand for iPhone 16 and strong Apple Services.
Investment firm Wedbush maintains a $250 Apple price target amidst declining sales in China, attributing the issue to short-term concerns. Wedbush believes that there is significant pent-up demand for the iPhone 16 range and that Apple Services are "rock solid". The firm remains bullish about Apple's future sales, predicting 2024 and 2025 iPhone sales estimates as achievable with conservatism.
April 09, 2024
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