The upcoming iPhone 15 product cycle could be another “trophy case moment” for Apple Inc (NASDAQ:AAPL), Wedbush Securities analysts wrote in a note to clients on Wednesday, raising their 12-month target price on the stock to $220 per share from $205 with an ‘Outperform' rating. Starting this Fall, they believe expected iPhone units and average selling prices (ASPs) could easily surpass current Street expectations heading into next “mini super cycle” release set to play out over the next year.
Apple has ‘massive position of strength' heading into iPhone 15 cycle