Wedbush raises AAPL target to $475 after earnings 'performance for the ages'

Investment bank Wedbush is raising its AAPL price target to $475 on Apple’s “Picasso-like” June quarter earnings results and the expectation of an “iPhone 12 super cycle.”

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

In a note to investors seen by AppleInsider, lead analyst Daniel Ives writes that the company’s Q3 2020 results came in much better than expected and will be a “feather in the bulls cap heading into a massive iPhone 12 product cycle over the next year.”

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