Wedbush Remains Bullish on Apple , "Brighter Days Will Be Ahead"

StreetInsider03-06

Despite Apple (NASDAQ:AAPL) shares continuing to decline, analysts at Wedbush continue to remain bullish on the stock.The firm said Tuesday that the current sentiment is "dismal" with China headwinds ...

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Jmw148
03-06
Jmw148
I hope he's right 😀

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href=https://www.streetinsider.com/dr/news.php?id=22883794><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite Apple (NASDAQ:AAPL) shares continuing to decline, analysts at Wedbush continue to remain bullish on the stock.The firm said Tuesday that the current sentiment is \"dismal\" with China headwinds ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22883794\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B7KXQ091.USD","symbol_name":"Janus Henderson Balanced A Inc USD","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=22883794","article_id":"2417414195","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417414195","pubTimestamp":1709690400,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"Despite Apple (NASDAQ:AAPL) 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Wedbush also notes that Apple \"has the strongest installed base of any company in the world with 2.2 billion iOS devices and the next phase of monetization is on the horizon.\"\"In our view, brighter days will be ahead for Apple, although right now, the China story remains the dark cloud over the name in the near term,\" analysts at Wedbush stated.Wedbush reiterated his \"Outperform\" rating and $250 price target, which represents potential upside of 47% from current levels.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":281367885369368,"gmtCreate":1709697525381,"gmtModify":1709697529223,"author":{"id":"4166911424160822","authorId":"4166911424160822","name":"Jmw148","avatar":"https://community-static.tradeup.com/news/814f5bc99941639bb74e768fac5ee149","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"I hope he's right 😀","listText":"I hope he's right 😀","text":"I hope he's right 😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/281367885369368","repostId":2417414195,"repostType":4,"repost":{"id":"2417414195","pubTimestamp":1709690400,"share":"https://www.laohu8.com/m/news/2417414195?lang=&edition=full","pubTime":"2024-03-06 10:00","market":"us","language":"en","title":"Wedbush Remains Bullish on Apple , \"Brighter Days Will Be Ahead\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2417414195","media":"StreetInsider","summary":"Despite Apple (NASDAQ:AAPL) shares continuing to decline, analysts at Wedbush continue to remain bullish on the stock.The firm said Tuesday that the current sentiment is \"dismal\" with China headwinds ","content":"<html><head></head><body><p style=\"text-align: left;\">Despite Apple (NASDAQ:AAPL) shares continuing to decline, analysts at Wedbush continue to remain bullish on the stock.</p><p style=\"text-align: left;\">The firm said Tuesday that the current sentiment is &#34;dismal&#34; with China headwinds impacting the stock, but they remain positive on the iPhone maker.</p><p style=\"text-align: left;\">&#34;While investor sentiment around the AI Revolution is reaching a feverish pitch, on the other hand, Street sentiment and worries around the Apple story resemble that of a horror show right now,&#34; analysts at Wedbush wrote.</p><p style=\"text-align: left;\">The biggest concern around Apple is based on negative data points on China smartphone demand that show sluggish sales for iPhones in the key region.</p><p style=\"text-align: left;\">Nevertheless, Wedbush&#39;s bullish stance is based on four factors. Firstly, they believe the current iPhone estimates for 2024 remain hittable with 2025 Street estimates conservative.</p><p style=\"text-align: left;\">They also feel that pent-up demand around an upgrade cycle could exceed 270 million iPhones heading into iPhone 16. At the same time, &#34;Services remains rock solid with double-digit growth and a key to the valuation support.&#34;</p><p style=\"text-align: left;\">Analysts also said that &#34;AI is finally coming to Apple in the form of new App Store enhancements and built into iPhone 16 based on the firm&#39;s research in the field. Wedbush also notes that Apple &#34;has the strongest installed base of any company in the world with 2.2 billion iOS devices and the next phase of monetization is on the horizon.&#34;</p><p style=\"text-align: left;\">&#34;In our view, brighter days will be ahead for Apple, although right now, the China story remains the dark cloud over the name in the near term,&#34; analysts at Wedbush stated.</p><p>Wedbush reiterated his &#34;Outperform&#34; rating and $250 price target, which represents potential upside of 47% from current levels.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wedbush Remains Bullish on Apple , \"Brighter Days Will Be Ahead\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWedbush Remains Bullish on Apple , \"Brighter Days Will Be Ahead\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-06 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=22883794><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite Apple (NASDAQ:AAPL) shares continuing to decline, analysts at Wedbush continue to remain bullish on the stock.The firm said Tuesday that the current sentiment is \"dismal\" with China headwinds ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=22883794\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4592":"伊斯兰概念","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4553":"喜马拉雅资本持仓","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4534":"瑞士信贷持仓","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4501":"段永平概念","BK4527":"明星科技股","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4579":"人工智能","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4588":"碎股","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","BK4574":"无人驾驶","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","AAPL":"苹果","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4170":"电脑硬件、储存设备及电脑周边","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC"},"source_url":"https://www.streetinsider.com/dr/news.php?id=22883794","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2417414195","content_text":"Despite Apple (NASDAQ:AAPL) shares continuing to decline, analysts at Wedbush continue to remain bullish on the stock.The firm said Tuesday that the current sentiment is \"dismal\" with China headwinds impacting the stock, but they remain positive on the iPhone maker.\"While investor sentiment around the AI Revolution is reaching a feverish pitch, on the other hand, Street sentiment and worries around the Apple story resemble that of a horror show right now,\" analysts at Wedbush wrote.The biggest concern around Apple is based on negative data points on China smartphone demand that show sluggish sales for iPhones in the key region.Nevertheless, Wedbush's bullish stance is based on four factors. Firstly, they believe the current iPhone estimates for 2024 remain hittable with 2025 Street estimates conservative.They also feel that pent-up demand around an upgrade cycle could exceed 270 million iPhones heading into iPhone 16. At the same time, \"Services remains rock solid with double-digit growth and a key to the valuation support.\"Analysts also said that \"AI is finally coming to Apple in the form of new App Store enhancements and built into iPhone 16 based on the firm's research in the field. Wedbush also notes that Apple \"has the strongest installed base of any company in the world with 2.2 billion iOS devices and the next phase of monetization is on the horizon.\"\"In our view, brighter days will be ahead for Apple, although right now, the China story remains the dark cloud over the name in the near term,\" analysts at Wedbush stated.Wedbush reiterated his \"Outperform\" rating and $250 price target, which represents potential upside of 47% from current levels.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2417414195"}