Wedbush analyst Dan Ives is amping up the enthusiasm following Apple's iPhone event. Case in point: He boosted his price target to $300 from $285.
By Ives' estimation, the iPhone 16 family "will be the most successful iPhone unit launch in [Apple's] history," as it could excite consumers on the artificial-intelligence trend.
"The new era of personalization and how consumers interact with their iPhones has now begun and we believe this will cause a renaissance of iPhone growth," Ives wrote.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments