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Apple’s iPhone 17 Demand Surprises Analysts, Stock Target Raised
Apple’s iPhone 17 Demand Surprises Analysts, Stock Target Raised
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BTCCSquare news:
Wedbush analysts have elevated their price target for Apple to a street-high $310, citing stronger-than-anticipated demand for the iPhone 17. Initial concerns about consumer hesitation due to awaited design overhauls and AI features appear misplaced, with early sales tracking 10%-15% ahead of the iPhone 16 cycle.
"The Street is clearly underestimating this iPhone cycle," noted the firm, suggesting muted expectations may have paradoxically fueled investor enthusiasm. Apple shares gained 3% following the report, trading NEAR $254. The upcoming revelation of Apple’s AI strategy could provide further momentum.
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