Wedbush Analyst Dan Ives Reaffirms Apple’s Outperform Rating and Sets $250 Price Target

Dan Ives of Wedbush reaffirms Apple’s Outperform rating and sets a price target of $250. He emphasizes the importance of navigating through the upcoming 1-2 quarters to reach a stage of easier comparisons, highlighting their overarching strategy for Apple.

According to BofA, Apple’s App Store revenue in Q2 surged by 10%, reaching $7.4 billion in fiscal Q2, a figure based on developer revenue data from Sensor Tower. The analyst, who maintains a Buy rating and a $225 price target on Apple shares, highlighted a 13% year-over-year increase globally for March and a 7% year-over-year increase specifically in China.