Apple Affirmed Outperform on Wedbush iPhone 12 Optimism

Apple  (AAPL) – Get Report is higher on Monday ahead of the expected debut of the tech company’s iPhone 12 and after Wedbush analysts affirmed their outperform rating and $150 price target on the stock.

Apple is expected to unveil the phone during a digital event that starts Tuesday. The latest iteration of the phone represents Apple’s most important product cycle since the iPhone 6 in 2014, according to Wedbush analyst Dan Ives. 

“Importantly, with our estimation that 350 million of 950
million iPhones worldwide are currently in the window of an upgrade opportunity,
we believe this will translate into an unprecedented upgrade cycle for [Chief Executive Tim] Cook & Co.,” Ives said. 

Ives expects four different models to be unveiled on Tuesday, including a 5.4-inch model starting a $699, a 6.1-inch model starting at $799, a 6.1-inch Pro model starting at $999, and a 6.7-inch pro model

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Tech stocks can soar another 25% during ‘next chapter’ of economic recovery, Wedbush analyst says

A view outside Nasdaq in Times Square during the Coronavirus pandemic on March 31, 2020 in New York City.


  • Tech stocks rallied through the first phase of recovery, and the second bout of improvement is only just beginning, Wedbush analyst Dan Ives said Friday.
  • A steady economic bounce-back through 2021 will improve the sector’s fundamentals and growth paths, the analyst said, particularly for firms well-positioned for nationwide reopening.
  • This “next chapter” can drive tech stocks another 20% to 25% higher, according to Wedbush.
  • Pandemic-driven growth themes around the tech sector “are unprecedented and not comparable to anything I have seen as a tech analyst on the Street for two decades,” Ives added.
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After tech stocks led indexes to record highs and faced outsized selling, the sector is poised for another blockbuster rally, according to Wedbush analyst Dan Ives.

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