Wedbush analysts led by Daniel Ives raised their target price on Apple to $320 per share from $310 to reflect what they called “increased confidence” in the Apple growth story.

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	Forwarded this email? Subscribe here for more Wedbush ups Apple target to $320 MacDailyNews Oct 31   READ IN APP   Wedbush analysts led by Daniel Ives raised their target price on Apple to $320 per share from $310 to reflect what they called “increased confidence” in the Apple growth story. The analysts also believe the iPhone 17 launch is “off to a great start” heading into the key holiday December quarter in the US and China and noted the company’s continued strong Services growth. After Thursday’s close, Apple reported fourth quarter earnings and revenue that beat analyst expectations. The company also provided a strong forecast for its December quarter.“ The elephant in the room remains the invisible AI strategy, and with the biggest consumer installed base in the world of 2.4 billion iOS devices and 1.5 billion iPhones, the time is now for Apple to accelerate its AI efforts through Google in our view,” the analysts wrote in a note to clients on Friday. The Wedbush equity research team noted that for the key Holiday quarter, Apple expects total revenue growth of 10% to 12% year over year, which was significantly ahead of the Street’s whisper estimate of about 8%. MacDailyNews Take: The sky’s the limit for our favorite fruit company! ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Wedbush ups Apple target to $320 appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe