Apple Inc. (AAPL): Wedbush Sets Street-High $325 Target, Citing AI-Driven iPhone Upgrade Cycle and New Revenue Streams

Apple Inc. (AAPL) has been the subject of much discussion and analysis in the financial community, with Wedbush Securities recently setting a street-high price target of $325 for the tech giant. This new target is based on the firm's belief in an AI-driven iPhone upgrade cycle and the potential for new revenue streams to boost the company's growth. In this article, we will explore these factors and their implications for Apple's stock price.



Wedbush Securities' analyst Daniel Ives has set a new street-high price target for Apple Inc. (AAPL), citing an AI-driven iPhone upgrade cycle and the potential for new revenue streams to drive the company's growth. This new target of $325 reflects the firm's bullish outlook on Apple's prospects in the coming years.

One of the key factors driving Wedbush's optimism is the expected iPhone upgrade cycle, which is likely to be fueled by advancements in artificial intelligence (AI) and machine learning (ML) technologies. Apple has been investing heavily in AI and ML, integrating these technologies into its products and services to enhance user experience and create new revenue streams. The upcoming iPhone 15 series is expected to feature significant AI and ML enhancements, which could encourage users to upgrade their devices and drive sales for Apple.



In addition to the AI-driven iPhone upgrade cycle, Wedbush also highlights the potential for new revenue streams to contribute to Apple's growth. The company has been expanding its services offerings, including Apple TV+, Apple Music, and Apple Fitness+, which have been gaining traction with consumers. These services provide recurring revenue streams, which can be more predictable and sustainable than one-time hardware sales. As Apple continues to innovate and expand its services, it is likely to tap into new revenue streams and drive growth for the company.

Wedbush's bullish outlook on Apple is supported by the company's strong financial performance and growth prospects. Apple reported revenue of $94.67 billion in its fiscal year 2023, with services revenue accounting for approximately 30% of the total. The company's wearables, home, and accessories segment also contributed significantly to its growth, with revenue reaching $38.37 billion in 2023.



In conclusion, Wedbush Securities' street-high price target of $325 for Apple Inc. (AAPL) is based on the firm's belief in an AI-driven iPhone upgrade cycle and the potential for new revenue streams to drive the company's growth. As Apple continues to innovate and expand its offerings, it is well-positioned to capitalize on these trends and deliver strong financial performance in the coming years. Investors should consider the factors discussed in this article when evaluating Apple's stock price and potential for growth.