On Tuesday, Wedbush reiterated its positive stance on Apple Inc. (NASDAQ:AAPL) stock, maintaining both an Outperform rating and a $250.00 price target for the tech giant.
The firm's outlook hinges on Apple's potential to navigate the upcoming quarters, with anticipation of developments such as an artificial intelligence announcement at the Worldwide Developers Conference (WWDC), a predicted robust upgrade cycle for the forthcoming iPhone 16, and the opportunities to capitalize on Apple's substantial user base.
The analysis by Wedbush suggests that while the market is preparing for a challenging March quarter and possibly subdued guidance for June, these periods might represent the final phase of the current growth slowdown. Expectations are set for Apple to witness a resurgence in growth as it enters the September quarter and the 2025 fiscal year.
Wedbush's commentary highlights the current challenges faced by Apple, particularly in China, but expresses confidence that the groundwork is being laid for a significant recovery in Apple's growth trajectory. According to the firm, despite the need for some investor patience during this period of weakness, the potential for Apple's growth revival is on the horizon.
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