05-06-2020 18:40 via feedproxy.google.com

Wedbush sees bull case for Apple stock hitting $425 on 5G iPhone

Wedbush analysts today has raised the firm’s target price on Apple shares, focusing on Services as AAPL’s propellent.
Wedbush upped their AAPL target to $375 from $350, which implies a 15% upside.
In a note to clients, Wedbush outlined a bull case of $425 per share with a second-half macro “snapback” ahead with the looming launch of the 5G iPhone and pent-up demand by many millions of users currently using older iPhones.
By the end of 2021, Wedbush says that “Apple
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