Wedbush analysts maintained an Outperform rating and a $250 price target for Apple (NASDAQ:AAPL), highlighting a strategic perspective that focuses on navigating the challenging upcoming quarters to emerge into a phase of renewed growth.
The analysts pointed to several key factors expected to drive Apple’s resurgence, including the anticipation of easier comparisons, an AI announcement at WWDC, a stronger upgrade cycle with the iPhone 16, and the significant monetization potential within Apple’s substantial installed base.
Despite the expected tough financial results in the March quarter and potentially soft guidance for June, attributed largely to weakness in China, the analysts suggest these could represent the final challenging periods before Apple enters a growth revival in the September quarter and fiscal year 2025. They underscored the importance of patience through the current downturn, expressing confidence in Apple’s foundation for a forthcoming growth turnaround and reiterating a strong price target based on these projections.