Despite Cutting Apple’s Price Target, Wedbush’s Dan Ives Remains Bullish on the Stock for the Long Term. Should You?

From Nasdaq: 2025-04-22 05:29:00

Apple (NASDAQ: AAPL) stock, with the world’s largest market cap, faces mixed reviews. Wedbush’s Dan Ives remains bullish, citing the iPhone’s success and potential AI-driven upgrade cycle. However, challenges like slowing innovation and modest revenue growth raise concerns among analysts. Investors debate if Apple is a buy or hold.

Despite holding $141 billion in liquidity, Apple’s pace of innovation has slowed since Steve Jobs’ passing. Revenue growth lags behind tech peers like Alphabet and Amazon. Uncertainty around tariffs and reliance on device sales pose challenges. With a P/E ratio of 31 and limited revenue growth, Apple’s stock may not be a strong buy currently.

Apple Services, growing in double digits, offers some competitive advantage. However, questions remain on whether it can significantly impact stock performance. The evolving tech landscape and potential AI upgrade cycle may drive iPhone sales, but the path to higher revenue growth remains unclear. Investors may find better returns in alternative stocks.

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Read more at Nasdaq: Despite Cutting Apple’s Price Target, Wedbush’s Dan Ives Remains Bullish on the Stock for the Long Term. Should You?