Wedbush sets Street-high PT on Apple on strong demand for new iPhones

ReutersSep 22, 2025 12:02 PM

Brokerage Wedbush raises PT on Apple AAPL.O to $310 from $270 on early strong demand signs for iPhone 17

New PT is highest on Wall Street, representing a more than 26% upside to stock's last close of $245.5

Wedbush says combination of pent-up consumer upgrade cycle and some design changes/enhancements have been the magical formula for the iPhone 17 cycle, China demand crucial for iPhone 17 upgrade cycle

"This is the time for Apple to drive growth in China with domestic competition from Huawei and Xiaomi being a formidable headwind," Wedbush says

AI monetization can add "$75 to $100 per share to the Apple story" over the coming few years and sees no "AI premium" factored in stock price - brokerage

Wedbush holds "outperform" rating on stock; 32 of 50 brokerages rate AAPL "buy" or higher, median PT is $245 - data compiled by LSEG

As of last close, Apple shares down about 2% YTD, compared with a 13.3% increase in S&P 500 .SPX index

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