Apple (AAPL) looks appealing at current prices.

Last trading at $169.67, it’s back to strong support, where it typically bounces back. Helping, Wedbush analyst Dan Ives has an outperform rating on the stock, with a price target of $250.

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As noted by Barron’s: Apple’s Worldwide Developers Conference, is scheduled for June 10 to June 14. Investors are hoping the company highlights AI initiatives during its presentation. Then the launch of the iPhone 16 should come sometime this fall. Ives wrote that “pent-up demand around an upgrade cycle could exceed 270 million iPhones heading into iPhone 16.”

Our initial price target on AAPL is $175. 


Ian Cooper