AAPL reiterated with Outperform rating

2021-09-14

AAPL reiterated with Outperform rating and a $185 price target at Wedbush

Wedbush analyst Daniel Ives maintained an Outperform rating and $185 price target on Apple ahead of Tuesday event to launch the iPhone 13. Ives expects the event will continue the supercycle iPhone upgrade cycle well into 2022 and thinks Apple remains a top tech name to own, the analyst tells investors in a research note. Additionally, Ives thinks regulatory pressures look containable, as even in a worst case scenario, the vast majority of consumers will continue to use the App Store for in-app purchases.$Apple(AAPL)$

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