Analyst predicts Apple stock to reach $250, citing strong global sales and loyal user base

From Nasdaq: 2024-05-02 04:05:00

Apple investors have been anxious as the company faced sales declines for four quarters before finally bouncing back. Despite concerns about iPhone’s relevance in China, analyst Dan Ives remains optimistic, reiterating a $250 price target with potential for 47% growth. Apple’s strong global smartphone sales and loyal user base indicate long-term stability.



Read more at Nasdaq: Is Apple Stock Headed to $250? 1 Wall Street Analyst Thinks So.