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

Investors may not know what to make of Apple (NASDAQ: AAPL) stock. Although it attained the world's largest market cap through inventing new, tech-related products, growth and innovation have slowed, and many analysts have soured on the stock.This is not the case with Wedbush's Dan Ives, who continues to hold to a long-term bullish call on Apple stock. Is he making the right call? Let's take a closer look.Ives seems to base his case for Apple stock primarily on the success of the iPhone. He believes that, ultimately, tariffs will not be high enough to impact iPhone sales. Ives also predicts that an AI-driven upgrade cycle will stoke iPhone sales when the company releases the iPhone 17 later this year.Continue reading

Apr 22, 2025 - 10:32

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

Investors may not know what to make of Apple (NASDAQ: AAPL) stock. Although it attained the world's largest market cap through inventing new, tech-related products, growth and innovation have slowed, and many analysts have soured on the stock.

This is not the case with Wedbush's Dan Ives, who continues to hold to a long-term bullish call on Apple stock. Is he making the right call? Let's take a closer look.

Ives seems to base his case for Apple stock primarily on the success of the iPhone. He believes that, ultimately, tariffs will not be high enough to impact iPhone sales. Ives also predicts that an AI-driven upgrade cycle will stoke iPhone sales when the company releases the iPhone 17 later this year.