Wedbush sets Apple price target to $150 after 4-for-1 split

Wedbush analyst Daniel Ives has adjusted his Apple price target to $150, following Apple’s 4-for-1 stock split. Apple announced its stock split during its July 30 earnings call in a move intended to “make the stock more accessible to a broader base of investors.”
Mike Peterson for AppleInsider:The analyst added that the split on Monday “speaks to Cook & Co. in a major position of strength with clear tailwinds” heading into the company’s 2020 iPhone season.