Reported 1 day ago
Analysts at Wedbush have maintained an Outperform rating for Apple Inc. (AAPL) with a price target of $270, believing that the company is on the brink of a significant iPhone upgrade cycle. With approximately 315 million of Apple's 1.5 billion users not having upgraded their devices in over four years, they see a substantial opportunity for growth in sales. The company's advancements in product efficiency and design, coupled with a refined AI strategy, are expected to propel Apple into this new era over the next 12 to 18 months.
Source: YAHOO