Wedbush raises AAPL price target to $175, expects ‘eye popping’ earnings

Wedbush has raised its Apple price target to $175 on expectations that the company will announce “eye popping” iPhone shipments and earnings for the December quarter.

Credit: Andrew O'Hara, AppleInsiderCredit: Andrew O’Hara, AppleInsider

In a note to investors seen by AppleInsider, lead analyst Daniel Ives writes that recent Wedbush checks of Apple’s supply give indicate that the “iPhone 12 supercycle hype has become a reality.”

Read more…