Apple Stock Nears a Record. iPhone Demand Could Help It Soar, Analyst Says.
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Apple stock is pushing up toward its former highs. Investors should be feeling confident about its capacity to go further as a result of sustained demand for iPhones and future services revenue, according to analysts at Wedbush.
Apple (ticker: AAPL) is benefiting from strong demand in Asia for the iPhone 14, with no major production cuts, wrote Wedbush’s Dan Ives in a research note. He raised his target for the share price to $205 from $190, continuing to rate it at Outperform.
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