Apple (AAPL) Stock Upgraded on Strong iPhone 17 Demand
Apple Inc. (AAPL) shares surged 7.7% over five days following the iPhone 17 launch, with Wedbush raising its price target to $310. Analyst Dan Ives noted early demand signals a robust upgrade cycle, estimating 10-15% higher sales than the iPhone 16. Daiwa Capital, Tigress Financial, and Melius Research also maintain bullish outlooks.
CEO Julia Khandoshko of Mind Money offered the most optimistic projection, suggesting Apple's growth trajectory could defy expectations. The tech giant's revenue may soar through 2025 if current demand trends hold.