Wedbush raises AAPL price target to industry-high $515

Wedbush has raised its AAPL price target to $515 ahead of an expected "iPhone 12" super cycle and Apple hitting a $2 trillion market valuation — and it sees a potential path to $600 per share.

Credit: Andrew O'Hara, AppleInsider
In a note to investors seen by AppleInsider, lead analyst Daniel Ives said that supply chain checks are indicating a "discernible uptick" in "iPhone 12" forecasts, boding well for Apple's upgrade cycle in 2020. The analyst now expects Apple to release four 5G-equipped models in the fall, rather than a mix of 4G and 5G devices.

Read more...