Reported about 23 hours ago
Wedbush has reaffirmed an 'Outperform' rating for Apple Inc. (AAPL) with a price target of $270, emphasizing the company's strategy to focus iPhone production in India and China. The firm predicts that by the fall, up to 60%-65% of iPhone assembly could occur in India, depending on international tariff negotiations. Though Apple has significant investments in the U.S., continued supply chain complexities are expected to hinder any near-term production shifts to the U.S., which would drive iPhone prices significantly higher. AAPL ranks fifth among trending AI stocks currently.
Source: YAHOO